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.
Tuesday, September 7, 2010
Monday, September 6, 2010
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.
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.
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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.
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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.
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Thursday, September 2, 2010
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.
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.
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.
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