Tag Archives: resistance

Advice for – Friday, September 4, 2009

Yesterday: Market opened with a bull gap n went down sharply and consolidated in the first half. But again in the half an hour market corrected sharply led by RIL & closed below 4600.

 

Today: Indian Stock Market would again open flat to positive led by good global cues. Technically again overall structure of the market remains strong as bull has upper hand over bear unless 4548 to be break decisively. And if that support would gone than next target for the sensex is 4400.

 

Note: Stocks to trade for F&O, intraday, short-term delivery, long term delivery and short selling and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

 

BSE Sensex: (15357) The support for the Sensex is 15300 and the resistance to the up move is at 15730-15880.

 

NSE Nifty: (4594) The support for the Nifty is at 4548 and the resistance to the up move is at 4650-4690. 

 

F&O Cues: FII were net sellers of 35 cr in index future & net sellers of 6 cr in stock future.

Advice for – Wednesday, September 2, 2009

Yesterday: Market opened in a positive zone n maintain it’s march with positive note in the first half of the session. But second half came with a surprise when indices went down sharply n closed down by 2.5% from it’s day high eventhough Europe market opened with positive note.

 

Today: Indian Stock Market would open negative as global markets opened in the red 4548 is a strong support to be deal with but we believe that every dip is a buying opportunity on every good support on the nifty but in the month of august we witnessed huge volatility, the same can not be ruled out for this month also we would see tough days ahead for the traders as fight between bull & bear would create huge volatility in the market in the days to come.For bull the target for september expiry is 5000 & for bear it is 4255.

 

Note: Stocks to trade for F&O, intraday, short-term delivery, long term delivery and short selling and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

 

BSE Sensex: (15551) The support for the Sensex is 15480-15350 and the resistance to the up move is at 15730-15880.

 

NSE Nifty: (4625) The support for the Nifty is at 4600-4548 and the resistance to the up move is at 4650-4690. 

F&O Cues: FII were net buyers of 823 cr in index future & net sellers of 89 cr in stock future.

Advice for – Wednesday, August 26, 2009

Yesterday: Market opened in a negative zone and recovered sharply led by L&T, NTPC and RIL even though global cues were not supportive and finally it managed to close above its resistance level of 4650.

Today: Indian Stock Market would open flat to negative even though we have positive global cues but as today is second last day of expiry we would see lot of volatility in the market as sensex is in the big resistive zone. So today if market would close above 4650 than we would see some more upside in days to come.

Note: Stocks to trade for F&O, intraday, short-term delivery, long term delivery and short selling and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

BSE Sensex: (15688) The support for the Sensex is 15480 and the resistance to the up move is at 15730-15880.

NSE Nifty: (4659) The support for the Nifty is at 4600 and the resistance to the up move is at 4650-4690. 

F&O Cues: FII were net buyers of 112 cr in index future & net sellers of 156 cr in stock future.

Advice for – Thursday, May 28, 2009

Yesterday: Indian Stock Market opened with a bull gap and crossed 14000 mark. Sensex traded above that level so we may see more up trend today.

 

Today: Indian market is expected to open flat or with positive trend. Some profit booking may come at higher level but next logical target for the sensex is 14480 unless we stuck with some dreadful bad news.

 

BSE Sensex(14110) The support for the sensex is 13990 n the resistance on the up move is 14500. 

 

 

NSE Nifty (4276) the support for the nifty is 4250 n resistance on the up move is 4300-4350.

 

 

Today’s result: 

L&T, M&M, SAIL, GMDC, TATA POWER, TATA Chem

 

 

Advice for – Tuesday, April 28, 2009

Today: Indian Stock Market still looks up but EquityPandit.com would suggest you to avoid intraday till F&O expiry.  

 

Note: Stocks to trade for intraday, short-term delivery, long term delivery, short selling and Futures and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

 

BSE Sensex: (11372) The support for the Sensex is 11300 and the resistance to the up move is at 11500.

 

NSE Nifty: (3470) The support for the Nifty is at 3450 and the resistance to the up move is at 3500-3550.

 

Result to be declared today:

ADI BIR NUVO, CRISIL, IDFC, Vijaya Bank, Patni, Glaxo Smith, Sterlite, Hexaware

 

Profits/Loss for the last trading session (For Paid Subscribers)

 

On Monday, Short term delivery on ICICI Bank was executed successfully in the morning. The script was bought for short term delivery at 135 on Friday and sold at 149-152 on Monday. This gave a profit of 4% on the investments.

 

Advice for – Friday, March 13, 2009

Yesterday: Indian Stock Market opened with a huge positive gap as expected and went down quite a bit due to profit booking. After Inflation and IIP no. were declared, market went up sharply about 265 points. But again in the last half-Hour of trade profit booking took place and closed around 8343 up by 185 points. 

 

Today: market will open on a positive note but it will face resistance around 8500-8600-8700.If it will close above 8500 than one should go long in this market.

  

BSE Sensex (8343): The support for the Sensex is 8100-8050 and resistance is 8500. 

  

NSE Nifty (2617): The support for the Nifty is 2600-2550-2500 and resistance is at 2650-2680. 

  

Today’s Pick:

Buy Cairn India on a intraday basis around 164.50-165 with a target of 168-170.

  

Profit Booked through our yesterday’s picks:

Yesterday both of our targets on RIL achieved. Profit was Rs. 40 per share of RIL.

 

Advice for – Friday, March 06, 2009

BSE Sensex: (8197) market open on a positive note & went down sharply led by bank stocks & RIL & finally nifty broke its major support level of 2650-2600

Today market will have a gap down opening of around 80-100 points on the sensex & 25-30 points on nifty. It would be very interesting to see whether nifty would break its final major support of 2550-2500.If it so than nifty will reach around 2200 mark quickly.

The support for the Sensex is 8000-7930 and the resistance to the up move is at 8300-8500
Nifty: (2576) the support for the Nifty is at 2550-2500 and the resistance to the up move is at 2600-2700

Advice for – Monday, January 19, 2009

BSE Sensex: (9326)The first target for the Sensex is 9430. The support level would be 9200 and the resistance to the up move is at 9530-9700

 

NSE Nifty: (2828) the target for the Nifty is at 2850. The support level would be 2740 and the resistance to the up move is at 2880-2920

 

Today’s Pick:

– Square off the position in RIL.

– Go short in DLF

 

Data to watch: Global market, Third quarterly results.

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