Showing posts with label what is share market. Show all posts
Showing posts with label what is share market. Show all posts


Market continuously going upside. Sensex overcame a choppy early session and climbed for a third day to their best close in five weeks on Thursday, with export-driven software services companies among the gainers in anticipation of US moves to bolster its flagging economy.
BSE Sensex rose 0.59 per cent, or 100.54, to 17,165.54, its highest close since Aug. 5, with half its components gaining. and the 50-share NSE Nifty jumped +28.60 points to end at 5,153.25. Technically Market is looking bullish so it hold the same position in next trading session also!! 
 
Technical Levels in Nifty-50 for Tomorrow:

Resistance  :  R1  :  5230,  R2  :  5290.
Support        :  S1  :  4960,  S2  :  4890.

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Market continuously going upside. Today it has gained 202.19 points in BSE and set itself in bullish position. Short covering in European markets post deep cut yesterday too improved sentiments. The 30-share BSE Sensex recovered from previous loss - rose 202.19 points to close at 17,065.00 and the 50-share NSE Nifty jumped 60.35 points to end at 5,124.65. Market may hold the same position in next trading session also!! 

Technical Levels in Nifty-50 for Tomorrow: 

Resistance  :  R1  :  5200,  R2  :  5270.
Support        :  S1  :  4940,  S2  :  4860.

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As the new contract has been started in this month, market has taken a high jump. The third biggest rally of 2011 took place on the first day of the week. The 30-share BSE Sensex surged 567.5 points, to close at 16,416.33. Meanwhile, the 50-share NSE Nifty jumped 172 points, to end at 4,920 after hitting an intra-day high of 4,934.40. Market remain in the same position tomorrow also!!
 
Technical Levels in Nifty-50 for Tomorrow:

Resistance  :   R1  :   5020,   R2  :  5110.
Support        :   S1  :   4860,   S2  :   4800.

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The bears got control of the Dalal Street in the last hours of today's trading session, which resulted in the Nifty closing below 18-month low level. Huge selling pressure on market when the Nifty broke the 4800-mark. The 30-share BSE Sensex plunged 297.50 points to close at 15,848.83 after hitting an intra-day low of 15,765.53. The 50-share NSE Nifty touched an intra-day low of 4,720, before closing the session at 4,747.80 (lowest closing for the first time since February 5, 2010), down 91.80 points.
We recommend that stay away from long term positions and trade in Intraday manner. 

Technical Levels for Nifty- 

Resistance : R1 : 4800,  R2 : 4860.
Support       : S1 : 4650,  S2 : 4590.

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The bears got control of the Dalal Street in the last hours of today's trading session, which resulted in the Nifty closing below 18-month low level. Huge selling pressure on market when the Nifty broke the 4800-mark. The 30-share BSE Sensex plunged 297.50 points to close at 15,848.83 after hitting an intra-day low of 15,765.53. The 50-share NSE Nifty touched an intra-day low of 4,720, before closing the session at 4,747.80 (lowest closing for the first time since February 5, 2010), down 91.80 points.
So what should do a trader in this market?? 

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