Indian Share Market Review 29th Sept.

Indian Market:

The Sensex closed below its psychological mark of 20,000. However, the turnover was on the higher side, considering that futures and options contracts will expire tomorrow. Heavy selling was seen in metal, FMCG and oil & gas stocks. However, auto and realty stocks witnessed some buying interest.

The 2010 growth forecast has been revised up from 7.5% in April and a forecast of 6.4% a year ago; the 2011 forecast is unchanged from April. Indian growth was expected to pick up slightly to 8.7% in 2011 from 8.5% this year, driven by domestic demand, company profits and favourable financing conditions, the ADB said.

Orchid Chemicals & Pharmaceuticals said, unlisted drug maker Solrex Pharmaceuticals Company has sold its entire 8.01% of equity holding in Orchid or 56.4 lakh shares.

Global Cues:

Asian stocks hit a two-year high after poor US data reinforced expectations the US Federal Reserve will take more action to help the struggling US economy. The key benchmark indices in China, Hong Kong, Indonesia, Singapore, Taiwan and South Korea rose by between 0.26% to 1.06%.

Nifty Future Trend

Nifty future witnessed some correction and in the end made a closing below 6000 level. Now the next technical resistance for nifty future seems close to the levels of 5940 to 5950. Decisive closing below this support zone may take nifty future down to the levels of 5890 to 5900 in near term. However nifty future may face an intra day resistance close to the level of 6065. Closing above this resistance may take  nifty future up to the levels of 6090 to 6100 in near run. For intra day trading we recommend long position in nifty future from the current levels for the target of 6100 with the  stop loss around 5940.

Bank Nifty Futures Prediction

Bank nifty future is in the upside consolidation phase and witnessed some profit booking on upper levels. Now the next intra day technical resistance for bank nifty future seems close to the level of 12170. Decisive closing below this support may make it slip till the levels of 12080 to 12085 in near term. how ever it may face the intra day resistance close to the levels of 12340 to 12345. decisive closing above this resistance zone may guide it towards the level of 12400 in near run.

BSE Sensex for Today

Sensex witnessed a correction today and it was high volatile session. Now sensex may get the immediate support in the zone of 19890 to 19900. Decisive closing below this support may slip  sensex towards the levels of 19730, 10635 in near term. However the intraday resistance in it may be  in the zone of 20215 to 20220. Decisive closing above this resistance zone may take up the sensex towards the levels of 20475 to 20500 in near run.

Nifty Futures Analyst's View for 29th september

Nifty futures witnessed a positive consolidation phase today and in the end made a flat closing. 

In the upside the next technical resistance for nifty futures seems close to the levels of 6090 to 6100. Decisive closing above this resistance zone may take it up till the levels of 6175 to 6200 in near run. 

However the immediate support for nifty future seems in the zone of 5995 to 6000. Decisive closing below this support zone may make nifty futures slip to the level of 5950 in near term. 

For intra day trading we recommend long position in nifty future above 6100 for the target of 6175 with the intra day stop loss around 6060.

Bank Nifty Futures Outlook for 29th Sept.

 Bank nifty futures witnessed the side way phase with positive biasness. the next technical resistance for bank nifty futures seems close to the level of 12400. Decisive closing above this resistance may take it up till the level of 12500 in near run. In the downside the immediate support for bank nifty futures seems close to the levels of 12140 to 12150. Decisive closing below this support zone may slip bank nifty futures till the levels of 12080 to 12085 in near term.

Sensex intraday analysis

Sensex witnessed yet another consolidation phase with positive biasness. The main thing is that sensex is getting good buying support at correction which means that still there is a positive strength in the market. In the upside we might see intraday technical resistance close to the zone of 20350 to 20355. Decisive closing above this resistance zone may guide the sensex towards the levels of 20475 to 20500 in near run. The immediate support for sensex seems close to the levels of 19985 to 19980. Closing below this support zone may slip the sensex towards the level of 19890 to 19900 in near term.

Weekly Equity Market Review

Indian Market:

The Nifty surpassed 6050 level as well during the day but sell-off in FMCG, technology, cement and private financial companies' shares dragged the index below that level in last couple of hours.

India's Supreme Court gave the tax department four weeks to fix the amount it's claiming from Vodafone Group Plc on the company's purchase of Hutchison Whampoa Ltd.'s wireless assets in the country.

State-owned hydrocarbon companies such as Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation and GAIL (India) are reportedly among the nearly 400 applicants looking to set up solar power units as part of the country's efforts to promote clean energy.

Global Cues:

Asian stock markets kicked off a new week of trading on monday in good spirits, encouraged by an improvement in us economic indicators and higher metal prices. The key benchmark indices in china, hong kong, japan, indonesia, south korea, singapore and taiwan rose by between 0.47% to 1.51%.

MCX Tips: Gold, Copper, Oil

Fundamental Review

US Gold powered to an all-time high at $1,300 an ounce on Monday as worries about the health of the global economy spurred buying, with top consumer India also defying high prices during the festive season. US Copper fall in New York and London as prices at a five-month high spur some investors to sell the metal and a stronger dollar reduces the appeal of commodities as an alternative investment.

News Highlight

Gold hits new record at $1,300; Silver at 30-year high.
Oil near two-week high on economic optimism.
US Copper decline as prices at five-month high spur selling by investors.
Indian Pepper down on subdued export demand; Jeera falls.

Nifty: Resistance, Support Tips for intraday trading

Nifty futures continued the upward rally today as well and registered the presence close to the level of 6100 but could not be able to sustain at upper levels and in the end made some profit  booking but still sustaining above 6000. 

The next technical resistance for nifty futures seems close to the levels of 6100 to 6105.  Decisive closing above this resistance zone may lead nifty future towards the levels of 6175 to 6200 in near run. 

In the downside the immediate support for nifty future seems close to the levels of 6010 to 6015. Decisive closing below this support zone may take nifty futures towards the levels of 5950 to 5955 in near term. 

For intraday trading we recommend long position in nifty future above 6105 for the target of 6175 with the intra day stop loss around 6080.

What is SGX Nifty and why is it important ?

Technical Outlook on Bank Nifty Futures

Bank nifty future made a gap up opening but witnessed a correction from the upper levels and in the end made closing in red zone. The short term support for bank nifty futures seems close to the levels of 12080 to 12085. Decisive closing below this support zone may make it slip till the levels of 11990, 11860 in near run. Overall we might see the upside consolidation in bank nifty futures in upcoming trading session. In the upward direction the resistance seems close to the level of 12400. Closing above this resistance may take bank nifty future up for the level of 12500 in near run.

BSE Sensex Tips for Tuesday 28th Sept.

Sensex witnessed yet another positive session in upward direction today. The next technical resistance in sensex may face close to the level of 20320. Decisive closing above this resistance may take up sensex towards the level of 20500 in near run. However in the downside the immediate support for sensex seems in the support zone of 20045 to 20075. Decisive closing above this resistance zone may make it slip towards the levels of 19790 to 19800 in near term.

Nifty Outlook for next week (27th Sept.)

For intraday trading we recommend long position in nifty future above 6050 for the targets of 6100, 6150 with the intra day stop loss around 5995. 

Nifty future is getting good buying support at the lower levels and looking technically strong for more fresh up moves. The next technical resistance for nifty future seems close to the level of 6050. Decisive closing above this resistance zone may take up nifty future for the levels of 6100, 1650 in near run. The immediate support for nifty future seems close to the levels of 5935 to 5945. Decisive closing below this support zone may make it slip till the lower levels of 5895 to 5900 in near run.

Technical Outlook on BSE Sensex

Sensex is in the upside consolidation phase and looking technically to have more strength on bull side. The next technical resistance for sensex seems in the zone of 20200 to 20250. Decisive closing above this resistance zone may take up it till the level close to 20500 in near run. In the downside the immediate support for sensex seems close to the levels of 19770 to 19740. Decisive closing below this support zone may take sensex till the lower levels of 19630 to 19640 in near term.

Bank Nifty Futures for Next Week (27th Sept.)

Bank nifty is still maintaining above 12000 from a while. Now technically it is  looking for more gains from here. The next technical resistance for bank nifty future seems close to the zone of 12350 to 12365. Decisive closing above this resistance zone may take up it till the level of 12500 in near run. The immediate support for bank nifty future seems close to the levels of 12080 to 12090. Decisive closing below this support zone may slip it till the levels of 11990, 11860 in near run.

Equity Market Review and Free Tips

Indian Market:

Equity benchmarks maintained profit booking for the second consecutive day, which was just a part of small correction amid consolidation as indices rallied sharply in previous few days on the back of strong FIIs inflow. The Nifty has been just finding some supply wherever it reaches the 6,000 levels.

The Sensex closed at 19861, up 80 points and the Nifty was at 5959, down 31 points.India's exports grew 22.5% to $16.64 billion in August 2010 over August 2009, while imports rose 32.3% to $29.7 billion data last week showed. As a result, trade deficit, or the difference between exports and imports, widened to $13.5 billion.

Infrastructure finance companies were allowed to raise external commercial borrowings and lend to local firms, commercial banks including State Bank of India (SBI), Axis Bank and Punjab National Bank have reportedly approached the government to seek a similar dispensation.

Global Cues:

Asian stocks were mixed in quiet trade Thursday, with major markets like Japan, China, Hong Kong and South Korea closed for public holidays. The key benchmark indices in Indonesia and Singapore rose 0.17% and 0.01% respectively. Taiwan's Taiwan Weighted Average fell 0.27%.

Indian Equity Market Trend and Review

Indian Market Review:

Nifty paused on Wednesday on the back of profit booking and weak European cues. Both indices closed below their psychologically important levels Nifty below 6000 and Sensex below 20000 mark. Even the index witnessed consolidation throughout the session as it had rallied sharply in last 10 out of 11 sessions.

Gold, Copper, Jeera, Turmeric Commodity Tips

Fundamental Review

US Gold rose for a third day on wednesday to hit record highs after the federal reserve signalled it stood ready to inject fresh cash into the economy, knocking the dollar and whetting investor appetite for bullion. US Copper firmed on wednesday on the back of a weaker dollar but the market looked top heavy after recent gains and investors were reluctant to press higher in the absence of chinese players and fresh impetus.  

News Highlight

• US Gold hits record high after fed rates signal.

• Oil rises above $75 as dollar weakens.

• Copper firms on dollar, china holiday limits gains.

• India Turmeric extends gain on demand; Jeera rebounds.

Nifty Futures Stop Loss and Targets for 23rd Sep.

Nifty witnessed the upside consolidation phase today and in the end made the closing in the red zone. The next technical resistance for nifty future seems close to the levels of 6050 to 6060. Decisive closing above this resistance zone may lead the nifty future for the level of 6155 to 6180 in near run. The immediate support for nifty future seems close to the level of 5950. Closing below this support may slip it nifty future till the levels of 5900 to 5905 in near run. For intra day trading we recommend long position in nifty future from the current levels with the stop loss around 5950 for the target of 6150 in near run.

Bank Nifty Future View 23rd Sept.

Bank Nifty Future is holding the upper levels and today made strong recovery after the some sort of correction and in the end made closing in the green zone. Now the next technical resistance for bank nifty future seems close to the levels of 12360 to 12365. Decisive closing above this resistance zone may take up the bank nifty future for the level of 12500 in near run. The immediate support for bank nifty future seems close to the level of 12150. Decisive closing below this support may slip it till the levels of 12090 to 12100 in near run. 

BSE Sensex Trading Strategy for Tomorrow

Sensex witnessed the some correction from the upper levels and in the end made the closing in the red zone. Now the next technical resistance for sensex seems close in the zone of 20200 to 20250. Decisive closing above this resistance zone may further take up it till the levels of 20400 to 20425 in near run. In the downside the immediate support for sensex seems close to the level of 19790 to 19800. Closing below this support zone may slip it till the levels of 19635 to 19640 in near run.

Indian Share Market News Summary

Indian Market:

Nifty above 6,000 - important psychological level - for first time since January 17, 2008. Even the Sensex joined the party by hitting 20,000 mark.

30-share BSE Sensex closed at 20,001.55, up 95.45 points or 0.48% and the 50-share NSE Nifty rose 28.60 points or 0.48% to settle at 6,009.05 on the back of huge volumes. The Nifty September futures closed at 8 points premium and October futures at 20 points premium, as per provisional data.

Hindustan Petroleum Corporation (HPCL) has reportedly revived plans for setting up a mega petrochemical complex at Visakhapatnam in Andhra Pradesh. This plant would be an export oriented project and cost between Rs 20,000-25,000 crore.

Global Cues:

Asian stocks rose as Taiwanese export orders and US homebuilder Lennar Corp.'s earnings beat estimates. The key benchmark indices in Hong Kong, Indonesia, Japan, China, Singapore, and Taiwan rose by between 0.04% to 0.40%.

Nifty: Recommendation for Intraday Traders (22nd Sep)

For intra day trading we recommend long position in nifty future until it close below 5950 for the targets of 6050,6100 in near run.

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Nifty future continued the upward rally with yet another positive session. Now the next technical resistance zone for nifty future seems in the zone of 6050 to 6060. Decisive closing above this resistance zone may further confirm more gains in nifty future. Today overall it witnessed high volatile session with positive bias. The immediate support for nifty future seems close to the level of 5950. Closing below it  may slip nifty future till the levels of 5875 to 5880 in near run.

Bank Nifty Levels and Tips

Bank Nifty Future witnessed the upside consolidation phase today and in the end made closing in the red zone. In the upside it may face the next technical resistance in the zone of 12360 to 12365. Decisive closing above this resistance zone may take up it till the level of 12500 in near run. The immediate support for bank nifty future seems close to the level of  12150. Decisive closing below this support may slip it till the level of 12090 in near run.

Technical View on NSE Sensex for 22nd Sept.

Sensex witnessed the high volatile session with positive biasness and touches the level of 20,000 today. Now the next technical resistance for sensex seems close in the zone of 20200 to 20250. Decisive closing above this resistance zone may further take up it till the levels of 20400 to 20425 in near run. In the downside the immediate support for sensex seems close to the level of 19900 to 19910. Closing below this support zone may slip it till the levels of 19730 to 19740 in near run.

Commodity Tips: Market News and Fundamental Review

News Highlight

• Search for safety takes gold to new highs.

• Oil steady near $74, seeks signs on U.S. economy.

• US Copper touches 5-month high as dollar slips.

• Indian turmeric futures hit 4pc upper circuit; Pepper marginally up.

Fundamental Review

Gold hit record highs for the fourth day in a row on Monday, boosted by growing expectations for U.S. interest rates to remain exceptionally low as the economy struggles, while silver came in sight of 30-year peaks. US Copper climbed to a fresh five-month peak on Monday, buoyed by a falling dollar and market talk of further quantitative easing in the United States.

Market Review

Indian Market:

Nifty has crossed 5950 level as well and was likely to close above 5900 level for the first time since January 17, 2008.

Deutsche Bank and its asset management unit, which are lenders to Vishal Retail, have reportedly received a stay order from the Delhi High Court to the retailer's plan to sell business to Chennai-based Shriram Group and Texas Pacific Group for Rs 100 crore.

Reliance Infrastructure Ltd., controlled by billionaire Anil Ambani, approached lenders to borrow 70 billion rupees ($1.5 billion) via a syndicated loan.

Global Cues:

Asian stocks were trading mixed Monday, 20 September 2010 in light trading. The key benchmark indices in Hong Kong, China, Singapore, and Taiwan rose by between 0.01% to 0.30%. However indices in Indonesia and South Korea declined 0.40% and 0.28% respectively. Japanese markets are closed today for a holiday.

Nifty Support and Resistance Levels for 21st Sep.

Nifty future today touched the level of 6000 and is holding the up trend. Technically we might see some more up moves in the nifty future and the next technical resistance for nifty future seems close to the resistance zone of 6050 to 6060. Decisive closing above this resistance zone may take nifty future till the levels of 6120 to 6125 in near run. In the downside nifty future may get the immediate support close to the level of 5935. Closing below this support may make it slip till the levels of 5890 to 5895 in near run. 

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For intra day we recommend buy on dips in nifty future until it close below 5935 for the target of 6050 in near run.

Bank Nifty Next Technical Resistance and Support Levels

Bank nifty future today made a strong come back close to the level of 12090 to 12100 and in the end made strong closing in green zone. As we already recommended in our previous reports that the next technical resistance for bank nifty future seems in the resistance zone of 12240 to 12250. Today it made decisive closing above this resistance zone, so may we expect more up moves in it from here onwards. 

The next technical resistance for bank nifty future seems close to the levels of 12360 to 12365. Decisive closing above this resistance zone may lead the bank nifty future towards the level of 12500 in near run. 

The immediate support for bank nifty future seems close to the levels of 12090 to 12100. Decisive closing below this support zone may make it slip till the lower level of 11990 in near run.

Sensex Technical Levels

Sensex continued the upward rally and witnessed the strong bull session today and in the end made strong closing. Now the next technical resistance for sensex seems in the zone of 20000 to 20050. Decisive closing above this resistance zone may take it up till the levels of 20200 to 20250 in near run. The immediate support for sensex seems close to the levels of 19790 to 19800. Decisive closing below this support zone may slip it till the levels of 19630 to 19640 in near term

Nifty Trend and Recommendation

Nifty witnessed a high volatile session with positive bias today. Overall it was yet another positive session for the market. Technically nifty future may face the next resistance close to the level of 6000. Decisive closing above this resistance zone may further advance nifty future towards more gains. In the downside the immediate support for nifty future seems close to the level of 5865. Decisive closing below this support may make it slip till the lower levels of 5820, 5775 in near run. For intra day trading we recommend long position in nifty future until it close below 5820 for the target of 6000 in near run.

Bank Nifty View

Bank nifty future witnessed  profit booking on upper levels but was still able to hold above the level of 12000. The next resistance zone for bank nifty future seems close to the levels of 12245 to 12250. Decisive closing above this resistance zone may take it up till the levels of 12500, 12700 in near run.  In the downside it may get the immediate short term support close to the level of 11990. Closing below this support may slip it till the lower levels of 11860, 11735 in near run.

Sensex Today

Sensex today again made a closing in the green zone after a overall volatile session. The next technical resistance in sensex seems close to the levels of 19700 to 19750. Decisive closing above this resistance zone may take it up towards the level of 20000 in near run. The immediate support for sensex seems close to the level of 19380. Decisive closing below this support may make it slip  till the level of 19150 in near run.

Technical View on Nifty (17th Sept.)

Nifty future today witnessed a high volatile session and in the end made a closing in the red zone. Today it crossed the level of 5900 but was not be able to sustain above it. In the next trading sessions we might see some consolidation in the market. In the downside it may get the immediate short term support close to the level of 5750 to 5760. 

For intraday trading we recommend buy on dips strategy in nifty future until it close below 5750 for the target of 6000.

Bank Nifty Futures Call

Bank nifty future made strong up moves today and in the end made a closing in the green zone. The next technical resistance for bank nifty future seems close in the zone of 12250 to 12270. Decisive closing above this resistance zone may take it up till the level of 12500 in near run. In the downside the immediate support for bank nifty seems close to the level of 11860. Decisive closing below this support may make it slip till the levels of 11730 to 11735 in near run.

Bse Sensex Trend for 17th September

Sensex overall witnessed a volatile session and in the end made closing in the red zone. Now the immediate support for sensex seems close to the level of 19280. Decisive closing below this support may make it slip till the lower levels of 19090 to 19100 in near run. In the upside the next resistance zone seems close to the levels of 19700 to 19750. Decisive closing above this resistance zone may lead it towards the level of 20000 in near future.

Intraday Tips and Market Review

Indian Market:

Equity benchmarks carried on their up move for the seventh consecutive day on strong inflow from foreign institutional investors - the Sensex surged more than 1280 points and the Nifty rallied over 380 points in seven sessions.

Reliance Power, Adani Power and GMR Industries were reportedly in the race for an Australian coal mine asset and a 500 megawatt power plant together worth $1 billion.

Oriental Bank of Commerce, the third-best performer among Indian state-run companies this year, expects to receive a capital infusion of about 10 billion rupees ($215 million) in the year to March 31 from the government.

Global Cues:

Most Asian stocks rose on Wednesday, 15 September 2010, led by gains in Japan after the country intervened to weaken its currency for the first time since 2004. Mining companies rose on higher metal prices. The Nikkei 225 average jumped 1.84%. The key benchmark indices in Indonesia, Singapore, South Korea, Hong Kong and Taiwan were up by between 0.04% to 3.02%.

Analysts View on Nifty Future for Tomorrow

Nifty made the breakout above the level of 5850 today and in the end made strong closing above it. Overall today witnessed the high volatile session with positive bias. now the next technical resistance for nifty future seems close to the level of 6000. Closing above this resistance may take up it till the levels of 6075 to 6080 in near run. the immediate support for nifty future seems close to the level of 5820. Closing below this support may slip it till the level of 5750 in near run. For intra day trading we recommend buy on dips strategy in nifty future until it close below 5750 for the targets of 5900,6000 in near run.

Bank Nifty Future Analysts View

Bank Nifty Future witnessed the upside consolidation session today and in the end made closing in the green zone. the next resistance for bank nifty future seems close to the level of 12080. Decisive closing above this resistance may take up it till the level of 12250 in near run. In the downside the immediate support for bank nifty future seems close to the level of 11860. Closing below this support may slip it till the levels of 11730 to 11735 in near run.

BSE Sensex Anaysts View for 16th Sept.

Sensex continued the upward rally today as well and in the end made the closing in green zone after the high volatile session. Now the next technical resistance for sensex seems close to the levels of 19700 to 19725. Decisive closing above this resistance zone may take up it till the level of 20,000 in near run. In the downside the immediate support for snesex seems close to the levels of 19280. Decisive closing below this support may slip it till the levels of 19090 to 19100 in near run.

Share Market Review

Indian Market:

Nifty was hovering around 5800 amid volatility. The benchmark index has surged more than 3% in last two trading sessions. Profit booking was seen around 5840 mark which dragged the Nifty back to 5800 level. Heavy buying was seen in auto, telecom and IT stocks.

Inflationary pressures remain in India and the Reserve Bank of India (RBI) will take appropriate steps at the appropriate time, Finance Minister Pranab Mukherjee said on Tuesday.

India's wholesale price index (WPI) rose an annual 8.5% in August, the government said on Tuesday.

Global Cues:

Asian stocks were mixed. Japanese shares fell as a stronger yen dented prospects for export earnings. The Nikkei 225 average fell 0.23%. The key benchmark indices in Singapore and South Korea fell by between 0.02% to 0.43%. But, the key benchmark indices in China Taiwan and Hong Kong rose by between 0.07% to 0.47%.

Nifty Intraday Trading Recommendation

Our recommendation for intraday trading is to go for long position in nifty future above 5850 for the targets of 5900, 5950, 6000 in near run with the stop loss around 5775. 

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Nifty is holding the up trend and trading close to the resistance zone of 5845 to 5850. Decisive closing above this resistance zone may lead the nifty future for the level of 6000 in near run. Today overall it was very positive session for the market and get good strong buying on upper levels also. Now technically market is looking to continue this upswing and we may expect more upper levels. In the downside the immediate support for nifty future seems close to the levels of 5750 to 5755. Closing below this support zone may slip the nifty future till the level of 5700 in near run.

Technical View on Bank Nifty Future Sep. 15th

Bank Nifty Future touches the level of 12000 and overall it was yet another positive session. Overall banking stocks are still looking very impressive from the current levels also. The next technical resistance for bank nifty future seems close to the level of 12070 to 12080. Decisive closing above this resistance zone may take up it till the level of 12250 in near run. The immediate support for bank nifty future seems close to the level of 11850. Decisive closing below this support may slip it till the levels of 10730 to 10735 in near run.

Techncial View on BSE Sensex

Sensex today made yet another positive closing above 19300 level, now the next resistance for sensex seems close to the levels of 19700 to 19725. Decisive closing above this resistance zone may lead the sensex towards the level of 20k in near run. In the downside the immediate support for sensex seems close to the levels of 19100 to 19090. Decisive closing below this support zone may slip it till the lower levels of 18800 to 18820 in near run.

Equity Market Review

Indian Market:

Equity benchmarks closed at fresh 31-month high, led by marvellous rally in leading sectors like banking, oil & gas, reality and metal, especially after strong industrial output data. Even global cues were quite supportive post Europe's Basel III norms for banks and US economic data.

New bank capital requirements agreed by global regulators brought relief to Asia's financial sector on Monday as fears that lenders might be forced into fresh capital raising were put to rest.

Reliance Industries (RIL) has reportedly agreed to sign gas sale and purchase agreement (GSPA) with Essar Oil for the Vadinar refinery as decided by the empowered group of ministers.

Global Cues:

Asian stocks rose on Monday, 13 September 2010, driving the region's benchmark index to a four-month high, after Chinese data released over the weekend reaffirmed market hopes for a soft-landing for the mainland economy and strengthened expectations of a delayed interest rate hike by the Chinese central bank.

Intraday Tips: Nifty Futures for Sept. 14th

For intraday trading our tips is to go for long position in nifty future from the current levels for the target of 5850 with the intraday stop loss around 5710. 

Technical View:

Nifty witnessed the strong positive session today and also made the strong closing above 5750. Now the next resistance for nifty future seems close to the level of 5850. Decisive closing above this resistance may take up the nifty future for the level of 6000 in near run. In the downside 5600 to 5620 may be the short term support zone for nifty future. Closing below this support zone may slip it till the lower levels of 5540 to 5550 in near run.

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Intraday Trading Recommendation : Bank Nifty Future

For intraday trading we recommend long position in bank nifty future from the current levels for the targets of 11910, 12000 with the intraday stop loss around 11780. 

Bank Nifty Future registered the very strong session today and in the end made closing in the green zone. Now bank nifty future may make more upside moves from here. the next technical resistance for bank nifty future seems close to the levels of 11910 to 11920. Decisive closing above this resistance zone may take up it till the level of 12000 in near run. In the downside the immediate short term support for bank nifty future seems close to the level of 11240 to 11250. Decisive closing below this support zone may drag it till the lower level of 11100 in near run.

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Technical View on BSE Sensex for Sep. 14th

Sensex continued the upward rally today and in the end made strong closing above 19000. Now the next resistance sensex may face close to the level of 19300. Decisive closing above this resistance may take up it till the level of 19700 in near run. In the downside the immediate support for sensex seems close to the level of 19090. Closing below this support may slip it till the levels of 18805 to 18815 in near run.

Technical View on Nifty for Upcoming Week 13th to 18th Sep

Nifty continued the upward move today and made a yet another positive session. Today most of the time it traded above 5600 which is technically strong sign. The next resistance for nifty future seems in the zone of 5700 to 5710. Decisive closing above this resistance zone may lead nifty future towards the level of 5850 in near run. In the downside the immediate support for nifty future seems close to the level of 5565. Decisive closing below this level may create further selling pressure in nifty future. For intra day trading we recommend long position in nifty future from the current levels for the target of 5700 with a stop loss around 5585.

Bank Nifty View 13th Sept.

Bank Nifty future as we already mention in our previous report that it is looking very strong and may make strong up moves and move towards the level of 11500 in near run. Today it was very strong positive session for bank nifty future and it registered yet another new high. Now the next resistance for bank nifty future seems close to the level of 11500. Decisive closing above this resistance may take the bank nifty future up towards the level of 11730 in near run. For intra-day trading we recommend long position in bank nifty future until it close below 11000 for the targets of 11500,11600,11700.

BSE Sensex Technical View for Next Week

Sensex witnessed a positive session and in the end made a closing in the green zone. Now the next key resistance for sensex seems close to the level of 19000.  Decisive closing above this resistance may guide the sensex towards the levels of 19150 to 19200 in near run.  In the downside the immediate support for sensex seems close to the levels of 18530. Decisive closing below this support may slip it till the lower level of 18360 in near run.

Technical View on Nifty for 10th Sept.

Nifty continue the upward move today and made the yet another positive session. Today it traded above 5600 which is technically strong sign. The next resistance for nifty future seems in the zone of 5700 to 5710. Decisive closing above this resistance zone may lead the nifty future towards the level of 5850 in near run. In the downside the immediate support for nifty future seems close to the level of 5565. Decisive closing below this level may create further selling pressure in nifty future. 

For intra day trading we recommend long position in nifty future from the current levels for the target of 5700 with the stop loss around 5585.

Bank Nifty Futures Call

Bank Nifty Future as we already mention in our previous report that it is looking very strong and may make strong up moves and move towards the level of 11500 in near run. Today it was very strong positive session for bank nifty future and it registered yet another new high. Now the next resistance for bank nifty future seems close to the level of 11500. Decisive closing above this resistance may take up the bank nifty future towards the level of 11730 in near run. For intra day trading we recommend long position in bank nifty future until it close below 11000 for the targets of 11500,11600,11700.

BSE Sensex for Fri. Sep. 10th

Sensex witnessed the positive session and in the end made the closing in the green zone. Now the next key resistance for sensex seems close to the level of 19000. Decisive closing above this resistance may guide the sensex towards the levels of 19150 to 19200 in near run. In the downside the immediate support for sensex seems close to the levels of 18530. Decisive closing below this support may slip it till the lower level of 18360 in near run.

Share Market Review and Tips

Indian Market:

Nifty closed above 5600 mark for second consecutive day, after consolidating around the same level for throughout the session. The index slipped in first half of trade due to weak global cues but second half of trade was too volatile in trade.

30-share BSE Sensex closed at 18666.71, up 21.65 points and the 50-share NSE Nifty rose just 3.85 points to 5607.85. The broader indices also ended flat with positive bias. However, the Nifty September futures closed at 10 points discount, as per provisional data.The Bombay High Court will rule today on Vodafone Group Plc's dispute with Indian authorities over taxes stemming from the purchase of Hutchison Whampoa Ltd.'s mobile-phone operations in the country. The judgment may set a precedent for tax liability in other cross-border deals.

Bharat Heavy Electricals (BHEL) is reportedly entering the financing business by floating a non-banking finance company along with a strategic partner to finance power projects.

Global Cues:

Asian stocks fell on Wednesday, with Japan's big exporters among the heaviest losers as a rise in the yen to a new 15-year high threatens to erode their overseas earnings. Japan's Nikkei Average fell 1.97%. The key benchmark indices in Hong Kong, South Korea, Taiwan, China and Singapore were down by between 0.32% to 1.29%.

Technical View on Nifty Futures for 09th Sept.

Nifty made the flat closing of the high volatile session. today it was the overall range bound session and we had seen both side movement in the market. Now the key thing is that still nifty future is trading above the 5540 to 5550 zone which is the good short term support zone for nifty future. Decisive closing below this support may slip it till the lower levels of 5490 to 5500 in near run. In the upside the next technical resistance seems close to the level of 5700. 

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For intra day trading we recommend long position in nifty future from the current levels for the targets of 5650, 5700 with the intra day stop loss around 5540.

Bank Nifty Future Review Today

Bank nifty future is looking to continue the upward movement & we might see some more new highs in it. The next technical resistance seems close to the levels of 11290 to 11300. Decisive closing above this resistance zone may take up it till the level of 11500 in near run. In the downside the immediate short term support for bank nifty future seems close to the levels of 11100 to 11110. Decisive closing below this support zone may slide it till the lower level of 11000 in near run.

BSE Sensex Review Today

Sensex witnessed the high volatile session and in the end made closing in green zone on flat note. The next resistance zone for the sensex seems to the levels of 18850 to 18900. Decisive closing above this level may lead the sensex towards the level of 19150 to 19200 in near run. In the downside it is having the crucial short term support close to the levels of 17800 to 17850. Decisive closing below this support zone may slip the sensex towards the lower level of 17400 in near term.

NSE Nifty Tips

Nifty continued the upward rally today and in the end made the closing in the green zone. Now nifty future looking very strong for more upside from the current levels. The next resistance for nifty future seems to be in the zone of 5700 to 5710. In the downside the immediate support for nifty future seems to be in the zone of 5540 to 5550. Decisive closing below this support zone may slip it till the lower levels of 5490 to 5500 in near run. For intra day we recommend long position in nifty future for the target of 5700 with the intra day stop loss around 5540.

Bank Nifty for September 08th

Bank Nifty Future witnessed the side ways movement today with negative bias. the next resistance for bank nifty future seems to be in the zone of 11290 to 11300. Decisive closing above this resistance may take up it till the level of 11500 in near run. In the downside 11100 to 11110 may be the intra day support for bank nifty future. Decisive closing below it may create the further selling pressure in bank nifty future & may slip it till the lower levels of 10990 to 11000 in near run.

BSE sensex Today

Sensex may face the next resistance close to the levels of 18850 to 18900. Decisive closing above this resistance zone may take up it in the bull zone for further gains. In the downside it is having the crucial short term support close to the levels of 17800 to 17850. Decisive closing below this support zone may slip it till the lower level of 17400 in near run. The immediate support for sensex seems to be at the levels of 18350 to 18360. Decisive closing below this support zone may slip it till the lower level of 18120 to 18135 in near run.

Nifty Future: Trading Tips for Tues. Sept. 07th

Nifty made the strong upside rally today and in the end made the strong closing in green zone as well. As we already recommended to buy on dips in nifty future until it close below 5350 for the targets of 5500, 5550. Today market achieved the targets. Now nifty is looking for more up moves. The next resistance in nifty future seems to be at the zone of 5600 to 5610. Decisive closing above this resistance zone may take up it till the level of 5700 in near run.

So for intraday trading we recommend long position in nifty future from the current levels for the target of 5650, 5700 with the stop loss around 5540.

Bank Nifty Future Support & Target Levels

Bank Nifty Future is heading towards the new highs and today overall it was nice positive session for it. Now the next resistance for bank nifty future seems to be at the levels of 11290 to 11300. Decisive closing above this resistance zone may lead the bank nifty future for the target of 11500 in near run. In the downside the immediate support for bank nifty future seems to be in the zone of 11100 to 11110.

BSE Sensex Update for Tuesday 7th Sept.

BSE Sensex may face the next resistance close to the levels of 18850 to 18900. Decisive closing above this resistance zone may take up it in the bull zone for further gains. In the downside it is having the crucial short term support close to the levels of 17800 to 17850. Decisive closing below this support zone may slip it till the lower level of 17400 in near run.

Stock Market Tips and Review

Indian Market:

Nifty closed with modest losses, after showing smart recovery in last half an hour of trade - led by FMCG, auto, select telecom and technology companies' shares.

The rupee slipped to its lowest level in more than a month on Tuesday, weighed by losses in local shares and other Asian peers. Growth data due around 11 am is expected to set the trend.

Under the Direct Taxes Code Bill, 2010 tabled in the Lok Sabha by Finance Minister Pranab Mukherjee and referred to the Select Committee of Parliament for scrutiny, the government has sought to raise the income tax exemption limit from Rs 1.6 lakh to Rs 2 lakh while retaining a host of incentives for individuals.

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Global Cues:

Asian stock markets were lower Tuesday, 31 August 2010, after Wall Street's drop on Monday, 30 August 2010, with the Japanese market falling sharply as investors continued to fret about the yen's strength. Soft US data on Monday.