BSE SENSEX (18,503.28)

The SENSEX opened the session with smart gains and the index continuously built on to the early morning gains as the session progressed. Strong gains amongst heavyweight index stocks like DLF, ACC, HDFC Bank, ITC and Hindalco propelled the index to an intraday high of 18,526.80 levels. The SENSEX finally closed the session at the 18,503.28 levels with a strong gain of 271 points.
 
The overall market breadth remained strong throughout the day’s trade as the advance decline ratio closed in favour of the advances in the ratio of 2:1 All the benchmark and sectoral indices closed the session with smart gains and the Realty index with a strong gain of  2.50% was the top gainer amongst the sectoral indices. The
FMCG and Bank indices also closed the session with smart gains of close to 2%.

The strong up move witnessed during yesterday’s session has helped the SENSEX register a close above it short term and medium term moving averages. But, we would like to point out that the index still has stiff resistance on the upside between the 18500—18700 levels as the index has corrected from these levels on previous occasions. Thus failure to cross the above mentioned resistance levels could see the index pullback towards the 18300—18200 levels. The 18000—18200 levels will act as strong support for the SENSEX on the downside.


We booked full profits on our long call given on Dabur India Ltd @ 114.50 levels. (Initiated @ 105.70 levels). The recommendation fetched a gain of `17600/- per lot to the subscribers of our product Trading calls section.
 
We recommend subscribing to our product Trading Calls section to avail such profitable Equity Trading calls.

Today’s supports for the SENSEX are placed at the 18200 and 18350 levels whereas resistances are placed at the 18650 and 18750 levels

BSE SENSEX (18,232.06)

The SENSEX opened the session on a positive note but the index remained flat throughout the day’s trade. The 18200—18350 levels were the narrow trading range for the SENSEX during yesterday’s session. The SENSEX finally closed the session at the 18,232.06 levels with a nominal loss of 34 points.

The index closed the session on a flat note and so did the overall market breadth as the advance decline ratio closed equally in favour of the advances and the declines in the ratio of 1:1

The Healthcare index with a smart gain of 2.50% was the biggest gainer amongst the sectoral indices. The Consumer durables and Realty indices also closed the session with smart gains of over 2%. The Auto index closed with a loss of 1.50% for the 2
nd straight session of trade.
The index traded the session on an extremely sedate and lethargic note, on the back of below average volumes. On the upside, the index has stiff resistance between the 18300—18550 levels. The medium term and short term moving averages placed between these levels will act as stiff resistance for the index. Sustenance above the 18000 levels will see the index remain in a broad trading range of 18000—18550 levels for the upcoming sessions.

The recent lows witnessed around the 17800 levels will be the major support level for the index.

We booked full profits on our Intraday long call given on Bata India Ltd @ 473.50 levels. (Initiated @ 466.50 levels). The recommendation fetched a smart gain of Rs 7000/- per lot to the subscribers of our product Intraday calls section.

We recommend subscribing to our product Intraday Calls section to avail such profitable Intraday calls.

Today’s supports for the SENSEX are placed at the 18000 and 18100 levels whereas resistances are placed at the 18350 and 18450 levels

BSE SENSEX (18,266.10) View for 30th May

The SENSEX opened the session on a positive note and continued to move up as the session progressed. Yesterday’s rally was led by   heavyweight   stocks   like  Hindalco,   ICICI   Bank,   DLF,   SBI   and
Wipro as these stocks propelled the index to an intraday high of 18,298.64 levels. The SENSEX finally closed the session at the 18,266.10 levels with a gain of 222 points.

The index closed the session on a positive note and so did the overall market breadth as the gainers outnumbered the losers and the advance decline ratio closed in favour of the advances in the ratio of 2:1
The Realty index led by smart gains amongst heavyweights DLF and HDIL helped the Realty index close the session with strong gains of over 3%. The Bankex and Metal indices also closed the session with smart gains of over 2%. The Auto index closed with a loss of 1% due to the sharp sell-off in Tata motors.The index closed the last trading session of the week with smart gains of over 200 points and added on to the gains witnessed during the previous session of trade. The smart gains witnessed during yesterday’s session have now brought the index closer to its stiff resistance zone of 18300—18550 levels. The strong
bounce from the recent lows of 17800 levels proves that the 17800—18000 zone will act as good support for the index, on corrections. Another key observation to be made is that the index has also registered a close above its key near term moving average during yesterday’s session.

Failure to cross the crucial resistance levels mentioned above will see the index remain in a broad range of 18550—17800 levels. We booked full profits on our short call given on Tata motors Ltd
@ 1120 levels. (Initiated @ 1143.50 levels). The recommendation fetched a smart gain of `5875/- to the subscribers of our product

Trading calls section.

We recommend subscribing to our product Trading Calls section to avail such profitable Equity Trading calls.
Today’s supports for the SENSEX are placed at the 18000 and 18100 levels whereas resistances are placed at the 18400 and 18500 levels

BSE SENSEX (18,044.64) View for 27th May

Although the index closed the session with smart gains the overall market breadth remained flat throughout the day’s trade and the advance decline ratio closed equally in favour of the advances and the declines in the ratio of 1:1 The smart gains amongst heavyweight Oil & Gas stocks ONGC and Reliance Ind helped the Oil & Gas index close the session with strong gains of 3%. The Metal and Auto indices also closed the session with smart gains of over 1%. The Consumer durables index closed with a loss of 1%.

The index traded the session on a very choppy and volatile on the backdrop of the F&O expiry but closed the session with smart gains of close to 200 points. With the smart up move witnessed during yesterday’s session the index is again into its resistance zone of 18000—18300 levels.

Sustenance above the 18000 levels will see the index remain in a broad range of 17800—18300 levels over the upcoming few sessions of trade.
The 17800—18000 levels will provide good support for the index on the downside.


We booked full profits on our long call given on VIP Ind Ltd @ 712 levels. (Initiated @ 675 levels). The recommendation fetched a fabulous return of 5.50% to the subscribers of our product Trading calls section.

We recommend subscribing to our product Trading Calls section to avail such profitable Equity Trading calls.

Today’s supports for the SENSEX are placed at the 17800 and 17900 levels whereas resistances are placed at the 18150 and 18300 levels

BSE SENSEX (17,847.24)

The overall market breadth remained negative and choppy throughout the day’s trade and the advance decline ratio closed equally in favour of the declines in the ratio of 2:1. The Consumer durables index courtesy of smart gains amongst its heavyweights Gitanjali gems Ltd and Titan Ind. Ltd closed the session with a gain of 1%.The Capital goods and IT index closed with a loss of 1.5% each. As we had pointed out in our previous daily trading note, the SENSEX slipped towards the 17800 levels as it couldn’t sustain above the 18000 levels during the past few sessions of trade. We reiterate that the 17500—17300 levels remain the downside targets for the index if it sustains below the 18000 levels for the upcoming sessions. On the downside, the lows witnessed during the month of Feb around the 17300—17200 levels will be the next crucial and meaningful support for the SENSEX.

The 18000-18200 zones will remain as stiff resistance zones for the SENSEX on ullbacks.

We booked part profits on our long call given on Dabur Ltd @ 108 levels. (Initiated @ 105.70 levels). The recommendation has already fetched a smart profit of Rs 4600/- per lot to the subscribers of our product Trading calls section. We continue to hold our positions for upside targets of Rs 114 levels.
We recommend subscribing to our product Trading Calls section to avail such profitable Equity Trading call

BSE SENSEX Support and Resistance.

The SENSEX opened the session on a flat note and traded in a very lack lustre note for the entire trading session. The 17970—18060 was the narrow trading range for the SENSEX during yesterday’s session. The SENSEX finally closed the day at the 18,012 levels and remained unchanged as compared to the previous session’s close.
The overall market breadth remained flat and choppy throughout the day’s trade and the advance decline ratio closed equally in favour of the advances and the declines in the ratio of 1:1. The Capital goods Index recovered some of its losses witnessed during the previous session of trade with a smart gain of 1%. The Consumer durables index also closed the session with a gain of 1%. The FMCG index with a cut of 1% was the biggest loser amongst the sectoral indices. Rest of the sectoral indices closed the session on a flat note. It was a session of consolidation for the markets as the index spent yesterday’s session trading in a very narrow range.
The index traded within a very narrow range during yesterday’s session. But, the index is still trading below its crucial support zones. Sustenance, below the 18100—18200 levels over the upcoming sessions of trade will mean that the markets are still weak. The 17800 levels is the next near term support for the SENSEX on the downside. A break below the same will open up downside targets of 17600—17400
levels in the SENSEX.

Upside resistances are placed between the 18200—18400
zones and the bears will infuse fresh supply pressure into the
markets between these levels. We booked full profits on our intraday Long call given on Dabur Ltd @ 107.65 levels. (Initiated @ 105.50 levels). The
recommendation fetched a smart intraday profit Rs.4300/ per lot to the subscribers of our product Intraday calls section.

We recommend subscribing to our product Intraday Calls section to avail such profitable Intraday calls.