The SENSEX opened the session on a bearish note on the back of extremely negative cues from its global peers.
The index spent the entire session trading in the negative territory and the selling pressure increased as the session progressed.
The index registered an intraday low of 17958.94 levels during the final hours of the day’s trade and finally closed the session at the 17985.88 levels with a loss of 146.36 points.
The overall market breadth remained negative throughout the day’s trade and the advance decline ratio closed in favour of the declines in the ratio of 2:1 All the benchmark and sectoral indices closed the session in the red.
The IT index with a cut of close to 1.70% was the biggest loser amongst the sectoral indices.
The capital goods and metal indices also closed the session with a cut of over 1%.
The Realty and IT index also closed the session with losses of over 1%.
The SENSEX has corrected over 300 points over the last two sessions of trade.
The sell off witnessed over the previous two sessions has finally taken the index below the broad
trading range of 18000—18700 levels.
The index can now slip towards the 17700—17500 levels over the upcoming sessions if it trades below the 18000—18200 levels.
Pullbacks from current levels will face stiff resistances between the 18200—18350 levels.
We booked full profits on our intraday Short call given on Zee Ent. Ltd @ 136.90 levels.(Initiated @138.20 levels).
The recommendation fetched a smart intraday gain of Rs 2600/- 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.
Thursday, June 16, 2011
Wednesday, June 15, 2011
BSE SENSEX (18,132.24)
The SENSEX opened the session on a flat note but the index moved southwards as the session progressed.
Selling pressure amongst key index heavyweights like SAIL, DLF, Axis Bank, Wipro and R Power dragged the SENSEX to an intraday low of 18111 levels.
The SENSEX finally closed the session at the 18132.24 levels with a loss of 177 points.
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 Bank index was the biggest loser amongst the sectoral indices with a cut of 1.60%.
The Realty and IT index also closed the session with losses of over 1%.
The markets traded under pressure during the entire trading session.
With the cuts witnessed during yesterday’s session the index is now back to its key support zone of 18000—18100 levels.
A close below the 18000 levels will open up downside targets of 7700—17500 levels in the SENSEX.
The index has also registered a close below its key moving average clusters. Hence, any upsides from current levels will find resistance between the 18300—18450 levels.
We booked full profits on our intraday Short call given on Titan Ind. Ltd @ 4482.65 levels. (Initiated @4515 levels).
The recommendation fetched an intraday gain of Rs 4050/- 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.
Selling pressure amongst key index heavyweights like SAIL, DLF, Axis Bank, Wipro and R Power dragged the SENSEX to an intraday low of 18111 levels.
The SENSEX finally closed the session at the 18132.24 levels with a loss of 177 points.
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 Bank index was the biggest loser amongst the sectoral indices with a cut of 1.60%.
The Realty and IT index also closed the session with losses of over 1%.
The markets traded under pressure during the entire trading session.
With the cuts witnessed during yesterday’s session the index is now back to its key support zone of 18000—18100 levels.
A close below the 18000 levels will open up downside targets of 7700—17500 levels in the SENSEX.
The index has also registered a close below its key moving average clusters. Hence, any upsides from current levels will find resistance between the 18300—18450 levels.
We booked full profits on our intraday Short call given on Titan Ind. Ltd @ 4482.65 levels. (Initiated @4515 levels).
The recommendation fetched an intraday gain of Rs 4050/- 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.
Tuesday, June 14, 2011
BSE SENSEX (18,308.66)
The SENSEX opened the session with nominal gains and remained range bound throughout the day’s trade.
The 18360—18270 was the narrow trading range for the SENSEX during yesterday’s session.
The SENSEX registered an intraday low of 18261.11 levels.
The SENSEX finally closed the session at the 18308.66 levels with a nominal gain of 43 points.
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 Capital goods index was the biggest gainer amongst the sectoral indices with a smart gain of 1%.
The Power index also put on a gain of close to 1%.
The Consumer durables index was the biggest loser during yesterday’s session with a cut of 1.50%.Rest of the sectoral indices closed on a flat note.
It was another flat and lack lustre session of trade whereinthe index traded within a narrow range of 18360—18270levels for the entire session.
We maintain that the SENSEX would remain within the broad trading range of 18000—18600 levels if the index holds on to the support levels of 18000—18200 levels.
A bearish view can be taken only if the SENSEX closes below the 18000 levels on the downside.
The key moving average clusters placed between the 18450—18600 levels will act as stiff resistance for the index on the upside.
The 18360—18270 was the narrow trading range for the SENSEX during yesterday’s session.
The SENSEX registered an intraday low of 18261.11 levels.
The SENSEX finally closed the session at the 18308.66 levels with a nominal gain of 43 points.
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 Capital goods index was the biggest gainer amongst the sectoral indices with a smart gain of 1%.
The Power index also put on a gain of close to 1%.
The Consumer durables index was the biggest loser during yesterday’s session with a cut of 1.50%.Rest of the sectoral indices closed on a flat note.
It was another flat and lack lustre session of trade whereinthe index traded within a narrow range of 18360—18270levels for the entire session.
We maintain that the SENSEX would remain within the broad trading range of 18000—18600 levels if the index holds on to the support levels of 18000—18200 levels.
A bearish view can be taken only if the SENSEX closes below the 18000 levels on the downside.
The key moving average clusters placed between the 18450—18600 levels will act as stiff resistance for the index on the upside.
Monday, June 13, 2011
BSE SENSEX (18,266.03)
The SENSEX opened the session on a bearish note on the back of weak cues from its global peers.
The index spent the early part of the day’s trade in the negative territory but started to recover from its day’s low as the session progressed.
The SENSEX finally recovered all of its intraday losses by the end of the trading session and finally closed at the 18266 levels and remained unchanged as compared to the previous session.
The overall market breadth that opened on a weak note recovered as the session progressed and the advance decline ratio closed equally in favour of the advances and the declines in the ratio of 1:1 The Consumer durables index led by a smart gain in itsheavyweight Titan Ind. closed the session with a gain of1.50%.
Metal index was the biggest loser amongst the sectoral indices as it closed the session with a cut of 1%.
Rest of the sectoral indices closed on a flat note.
The SENSEX once again bounced back from its support levels of 18000—18100 levels during yesterday’s session.
A close below the 18000 levels would lead to extremely bearish outlook on the markets. The 17700—17500 levels would be the downside targets on the SENSEX, if the index breaks below the 18000 levels.
On the other hand, the SENSEX would remain within the broad trading range of 18000—18600 levels if the index holds on to the support levels of 18000—18200 levels.
The near term and short term moving average clusters placed between the 18400—18550 levels will act as stiff resistancefor the index on the upside.
We booked full profits on our intraday Short call given on Lupin Ltd @ 431.60 levels. (Initiated @435.10 levels).
Therecommendation fetched an intraday gain of Rs 3500/- per lot to the subscribers of our roduct Intraday calls section.
We recommend subscribing to our product Intraday Calls section to avail such profitable ntraday calls.
The index spent the early part of the day’s trade in the negative territory but started to recover from its day’s low as the session progressed.
The SENSEX finally recovered all of its intraday losses by the end of the trading session and finally closed at the 18266 levels and remained unchanged as compared to the previous session.
The overall market breadth that opened on a weak note recovered as the session progressed and the advance decline ratio closed equally in favour of the advances and the declines in the ratio of 1:1 The Consumer durables index led by a smart gain in itsheavyweight Titan Ind. closed the session with a gain of1.50%.
Metal index was the biggest loser amongst the sectoral indices as it closed the session with a cut of 1%.
Rest of the sectoral indices closed on a flat note.
The SENSEX once again bounced back from its support levels of 18000—18100 levels during yesterday’s session.
A close below the 18000 levels would lead to extremely bearish outlook on the markets. The 17700—17500 levels would be the downside targets on the SENSEX, if the index breaks below the 18000 levels.
On the other hand, the SENSEX would remain within the broad trading range of 18000—18600 levels if the index holds on to the support levels of 18000—18200 levels.
The near term and short term moving average clusters placed between the 18400—18550 levels will act as stiff resistancefor the index on the upside.
We booked full profits on our intraday Short call given on Lupin Ltd @ 431.60 levels. (Initiated @435.10 levels).
Therecommendation fetched an intraday gain of Rs 3500/- per lot to the subscribers of our roduct Intraday calls section.
We recommend subscribing to our product Intraday Calls section to avail such profitable ntraday calls.
Sunday, June 12, 2011
BSE SENSEX (18,268.54)
The SENSEX opened the session on a flat note and remained range bound for the initial hours of the day’s trade.
Thereafter, selling pressure amongst key index heavyweights like DLF, L&T, SAIL and Tata Steel dragged the index below the early morning range and the index registered an intraday
low of 18,182.90 levels.
The SENSEX finally closed the session at the 18,268.54 levels with a loss of 116.36 points.
The overall market breadth remained choppy and the advance decline in the ratio closed slightly in favour of the declines in the ratio of 1.50:1 The Capital goods and FMCG indices were the two major losers amongst the sectoral indices as they closed with a loss of close to 1%.
The Realty index also lost close to 1%. Rest of the sectoral indices closed on a flat note.
The SENSEX closed the final session of the week’s trade on a negative note. The cut witnessed during the previous session of trade has dragged the SENSEX towards the lower end of the broad trading range of 18000—18700 levels.
The 18200—18000 zones will be the near term support for the SENSEX.
On the upside we expect the levels of 18550--18700 levels to act as stiff resistance zones.
A rally towards the 19000—19200 levels can be seen only if the SENSEX registers a close above the 18700 levels.
Conversely if SENSEX fails to take support at the 18000 levels and starts to trade below the same, we would recommend a negative bias once again with possible targets of 17750 – 17500 levels.
We booked full profits on our intraday Short call given on United Phosphorous Ltd @ 154.75 levels. (Initiated @156.30 levels). The recommendation fetched an intraday gain of
Rs 3100/- 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.
Thereafter, selling pressure amongst key index heavyweights like DLF, L&T, SAIL and Tata Steel dragged the index below the early morning range and the index registered an intraday
low of 18,182.90 levels.
The SENSEX finally closed the session at the 18,268.54 levels with a loss of 116.36 points.
The overall market breadth remained choppy and the advance decline in the ratio closed slightly in favour of the declines in the ratio of 1.50:1 The Capital goods and FMCG indices were the two major losers amongst the sectoral indices as they closed with a loss of close to 1%.
The Realty index also lost close to 1%. Rest of the sectoral indices closed on a flat note.
The SENSEX closed the final session of the week’s trade on a negative note. The cut witnessed during the previous session of trade has dragged the SENSEX towards the lower end of the broad trading range of 18000—18700 levels.
The 18200—18000 zones will be the near term support for the SENSEX.
On the upside we expect the levels of 18550--18700 levels to act as stiff resistance zones.
A rally towards the 19000—19200 levels can be seen only if the SENSEX registers a close above the 18700 levels.
Conversely if SENSEX fails to take support at the 18000 levels and starts to trade below the same, we would recommend a negative bias once again with possible targets of 17750 – 17500 levels.
We booked full profits on our intraday Short call given on United Phosphorous Ltd @ 154.75 levels. (Initiated @156.30 levels). The recommendation fetched an intraday gain of
Rs 3100/- 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.
Friday, June 10, 2011
BSE SENSEX (18,384.90)
The SENSEX opened the session on a flat note and traded in a very sedate and lethargic note throughout the day’s trade.
The 18350—18440 levels were the narrow trading range for the SENSEX for the entire trading session.
The SENSEX finally
closed the session at the 18384.90 levels with a loss of 9.39 points and remained unchanged as compared to the previous session.
The overall market breadth also remained flat as the advance decline ratio closed equally in favour of the advances and the declines in the ratio of 1:1 The Consumer durables index led by smart gains in its heavyweight Titan Ind. was the biggest gainer amongst the sectoral indices as it closed the session with a gain of close to 1.50%.
The Auto index closed with a cut of 0.50%. Rest of the sectoral indices closed on a flat note.
The SENSEX went through another day of trade wherein it traded on a very flat and sedate note.
The index is still grinding and consolidating within the broad range of 18000—18700 levels.
This battle between the bulls and the bears is likely to continue until the SENSEX breaks the 18700 levels on the upside or conversely breaks below the 18000 levels on the downside.
The 18300--18100 levels will be the key near term support for the SENSEX on the downside. Upside resistances are placed at the 18550—18700 levels.
We booked full profits on our intraday long call given Dish TV Ltd @ 81.60 levels. (Initiated @80.85 levels).
The ecommendation fetched a fabulous intraday gain of Rs 3000/- 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.
The 18350—18440 levels were the narrow trading range for the SENSEX for the entire trading session.
The SENSEX finally
closed the session at the 18384.90 levels with a loss of 9.39 points and remained unchanged as compared to the previous session.
The overall market breadth also remained flat as the advance decline ratio closed equally in favour of the advances and the declines in the ratio of 1:1 The Consumer durables index led by smart gains in its heavyweight Titan Ind. was the biggest gainer amongst the sectoral indices as it closed the session with a gain of close to 1.50%.
The Auto index closed with a cut of 0.50%. Rest of the sectoral indices closed on a flat note.
The SENSEX went through another day of trade wherein it traded on a very flat and sedate note.
The index is still grinding and consolidating within the broad range of 18000—18700 levels.
This battle between the bulls and the bears is likely to continue until the SENSEX breaks the 18700 levels on the upside or conversely breaks below the 18000 levels on the downside.
The 18300--18100 levels will be the key near term support for the SENSEX on the downside. Upside resistances are placed at the 18550—18700 levels.
We booked full profits on our intraday long call given Dish TV Ltd @ 81.60 levels. (Initiated @80.85 levels).
The ecommendation fetched a fabulous intraday gain of Rs 3000/- 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.
Thursday, June 9, 2011
BSE SENSEX (18,384.90)
The SENSEX opened the session on a flat note and traded in a very sedate and lethargic note throughout the day’s trade.
The 18350—18440 levels were the narrow trading range for the SENSEX for the entire trading session. The SENSEX finally closed the session at the 18384.90 levels with a loss of 9.39 points and remained unchanged as compared to the previous session.
The overall market breadth also remained flat as the advance decline ratio closed equally in favour of the advances and the declines in the ratio of 1:1 The Consumer durables index led by smart gains in its heavyweight Titan Ind. was the biggest gainer amongst the sectoral indices as it closed the session with a gain of close to 1.50%. The Auto index closed with a cut of 0.50%. Rest of the sectoral indices closed on a flat note.
The SENSEX went through another day of trade wherein it traded on a very flat and sedate note. The index is still grinding and consolidating within the broad range of 18000—18700 levels.
This battle between the bulls and the bears is likely to continue until the SENSEX breaks the 18700 levels on the upside or conversely breaks below the 18000 levels on the downside. The 18300--18100 levels will be the key near term support for the SENSEX on the downside. Upside resistances are placed at the 18550—18700 levels.
We booked full profits on our intraday long call given Dish TV Ltd @ 81.60 levels. (Initiated @80.85 levels).
The recommendation fetched a fabulous intraday gain of Rs 3000/- 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 18150 and 18250 levels whereas resistances are placed at the 18550 and 18650 levels
The 18350—18440 levels were the narrow trading range for the SENSEX for the entire trading session. The SENSEX finally closed the session at the 18384.90 levels with a loss of 9.39 points and remained unchanged as compared to the previous session.
The overall market breadth also remained flat as the advance decline ratio closed equally in favour of the advances and the declines in the ratio of 1:1 The Consumer durables index led by smart gains in its heavyweight Titan Ind. was the biggest gainer amongst the sectoral indices as it closed the session with a gain of close to 1.50%. The Auto index closed with a cut of 0.50%. Rest of the sectoral indices closed on a flat note.
The SENSEX went through another day of trade wherein it traded on a very flat and sedate note. The index is still grinding and consolidating within the broad range of 18000—18700 levels.
This battle between the bulls and the bears is likely to continue until the SENSEX breaks the 18700 levels on the upside or conversely breaks below the 18000 levels on the downside. The 18300--18100 levels will be the key near term support for the SENSEX on the downside. Upside resistances are placed at the 18550—18700 levels.
We booked full profits on our intraday long call given Dish TV Ltd @ 81.60 levels. (Initiated @80.85 levels).
The recommendation fetched a fabulous intraday gain of Rs 3000/- 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 18150 and 18250 levels whereas resistances are placed at the 18550 and 18650 levels
Wednesday, June 8, 2011
BSE SENSEX (18,394.29)
The SENSEX opened the session on a negative note remained in the negative territory throughout the trading session.
Selling pressure increased as the session progressed and the index registered a low of 18366 levels.
The SENSEX finally closed the session at the 18394.29 levels with a cut of 101.33 points.
Although the index closed with loss of 100 points the overall market breadth remained flat as the advance decline ratio closed equally in favour of the advances and the declines in the ratio of 1:1 The Healthcare Index was the biggest loser amongst the sectoral indices as it closed the session with a loss of 1%. The Bank index also closed with a cut of 1%. The FMCG and consumer durables indices closed the session with smart gains.
The SENSEX witnessed a pullback from the 18500 levels during yesterday’s session. The index is still trading in a broad range of 18000—18700 levels and is likely to remain within this range, until it breaks above the 18700 levels and registers a close above the same during the upcoming sessions.
Pullbacks from current levels will find good support between the 18000—18200 levels. On the upside, the 18600—18750 levels would be the stiff resistance zone for the SENSEX.
We booked full profits on our long call given on Punj Lloyd Ltd @ 66.70 levels. (Initiated @63.25 levels). The recommendation fetched a fabulous intraday gain of Rs 6900/- per lot to the subscribers of our product Trading calls section.
We recommend subscribing to our product Trading Calls section to avail such profitable Trading calls.
Today’s supports for the SENSEX are placed at the 18150 and 18250 levels whereas resistances are placed at the 18550 and 18650 level
Selling pressure increased as the session progressed and the index registered a low of 18366 levels.
The SENSEX finally closed the session at the 18394.29 levels with a cut of 101.33 points.
Although the index closed with loss of 100 points the overall market breadth remained flat as the advance decline ratio closed equally in favour of the advances and the declines in the ratio of 1:1 The Healthcare Index was the biggest loser amongst the sectoral indices as it closed the session with a loss of 1%. The Bank index also closed with a cut of 1%. The FMCG and consumer durables indices closed the session with smart gains.
The SENSEX witnessed a pullback from the 18500 levels during yesterday’s session. The index is still trading in a broad range of 18000—18700 levels and is likely to remain within this range, until it breaks above the 18700 levels and registers a close above the same during the upcoming sessions.
Pullbacks from current levels will find good support between the 18000—18200 levels. On the upside, the 18600—18750 levels would be the stiff resistance zone for the SENSEX.
We booked full profits on our long call given on Punj Lloyd Ltd @ 66.70 levels. (Initiated @63.25 levels). The recommendation fetched a fabulous intraday gain of Rs 6900/- per lot to the subscribers of our product Trading calls section.
We recommend subscribing to our product Trading Calls section to avail such profitable Trading calls.
Today’s supports for the SENSEX are placed at the 18150 and 18250 levels whereas resistances are placed at the 18550 and 18650 level
Tuesday, June 7, 2011
BSE SENSEX (18,495.62)
The SENSEX opened the session on a flat note and the index gradually moved upwards as the session progressed. Smart gains amongst key index heavyweights like Reliance Ind, Tata steel, Cipla and Infosys propelled the SENSEX to an intraday high of 18546 levels. The SENSEX finally closed the session at the 18495.62 levels with a smart gain of 76 points.
The overall market breadth remained flat for the 3rd consecutive session of trade as the advance decline ratio closed equally in favour of the advances and the declines in the ratio of 1:1
The Realty Index was the biggest gainer amongst the sectoral indices as it closed the session with a gain of close to 2%. The IT index closed with a gain of over 1% for the 2nd
consecutive session of trade. The Capital goods index closed with a loss of half a percent.
The SENSEX added on to the gains witnessed during the previous session of trade. We reiterate that, the 18000—18700 levels will be the broad trading range for the index, until it crosses the 18700 levels and registers a close above the same during the upcoming sessions. The near term and short term moving average clusters placed between the 18400—18300 levels will act as good support for the index on the downside. The 18700—18750 levels would be the near term upside targets for the SENSEX, if it sustains above the 18300 levels.
We booked full profits on our intraday long call given Bata India Ltd @ 511.50 levels. (Initiated @504.50 levels). The recommendation fetched a fabulous intraday 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 18250 and 18375 levels whereas resistances are placed at the 18625 and 18750 level
The overall market breadth remained flat for the 3rd consecutive session of trade as the advance decline ratio closed equally in favour of the advances and the declines in the ratio of 1:1
The Realty Index was the biggest gainer amongst the sectoral indices as it closed the session with a gain of close to 2%. The IT index closed with a gain of over 1% for the 2nd
consecutive session of trade. The Capital goods index closed with a loss of half a percent.
The SENSEX added on to the gains witnessed during the previous session of trade. We reiterate that, the 18000—18700 levels will be the broad trading range for the index, until it crosses the 18700 levels and registers a close above the same during the upcoming sessions. The near term and short term moving average clusters placed between the 18400—18300 levels will act as good support for the index on the downside. The 18700—18750 levels would be the near term upside targets for the SENSEX, if it sustains above the 18300 levels.
We booked full profits on our intraday long call given Bata India Ltd @ 511.50 levels. (Initiated @504.50 levels). The recommendation fetched a fabulous intraday 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 18250 and 18375 levels whereas resistances are placed at the 18625 and 18750 level
Monday, June 6, 2011
BSE SENSEX (18,420.11)
The SENSEX opened the session on a bearish note but the index recovered its early morning losses as the session progressed. The SENSEX gave a smart recovery from its day’s low to register an intraday high of 18458.63 levels. The index finally closed the session at the 18,420.11 levels with a gain of 44 points.
The overall market breadth remained flat and sedate 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 IT Index with a smart gain of 1% was the biggest gainer amongst the sectoral indices. The Healthcare index also closed with gains of close to a percent. The Metal index
closed with a cut of 1%.
The SENSEX held on to it’s near term support levels of 18200 levels and gave a smart recovery from the above mentioned support level to close at the 18400 levels. Sustenance above
the 18200—18000 zones will see the SENSEX gradually rally to once again test its key resistance zones of 18650—18750 levels on the upside.
Upsides towards the 19000—19200 levels can be seen only if the SENSEX registers a close above its key resistance zone mentioned above. Conversely, the 18000—18700 levels will
be the broad trading range for the index, if it fails to cross the above mentioned supply zones.
We booked full profits on our intraday long call given Cipla Ltd@ 332.20 levels. (Initiated @329 levels). The recommendation fetched a smart gain of Rs 3200/- 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 18150 and 18275 levels whereas resistances are placed at the 18550 and 18650 levels
The overall market breadth remained flat and sedate 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 IT Index with a smart gain of 1% was the biggest gainer amongst the sectoral indices. The Healthcare index also closed with gains of close to a percent. The Metal index
closed with a cut of 1%.
The SENSEX held on to it’s near term support levels of 18200 levels and gave a smart recovery from the above mentioned support level to close at the 18400 levels. Sustenance above
the 18200—18000 zones will see the SENSEX gradually rally to once again test its key resistance zones of 18650—18750 levels on the upside.
Upsides towards the 19000—19200 levels can be seen only if the SENSEX registers a close above its key resistance zone mentioned above. Conversely, the 18000—18700 levels will
be the broad trading range for the index, if it fails to cross the above mentioned supply zones.
We booked full profits on our intraday long call given Cipla Ltd@ 332.20 levels. (Initiated @329 levels). The recommendation fetched a smart gain of Rs 3200/- 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 18150 and 18275 levels whereas resistances are placed at the 18550 and 18650 levels
Sunday, June 5, 2011
BSE SENSEX (18,376.48)
The SENSEX opened the session on a positive note and traded with smart gains for the initial hours of the day’s trade. The index hit an intraday high of 18672.65 levels. But the index couldn’t sustain at higher levels as the session progressed and selling pressure at higher levels dragged the index to an intraday low of 18345.85 levels. The SENSEX lost close to 327 points from its day’s high. The index finally closed the session at the 18,377 levels with a loss of 118 points.
The overall market breadth remained choppy and 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 Oil & Gas Index led by Reliance Ind. was the biggest looser amongst the sectoral indices as it closed the session with a cut of 1.50%. The Metal index also closed with a cut of 1% for the 2nd straight session of trade. The Capital goods and Consumer durables indices closed the session with smart gains.
The SENSEX closed the last trading session of the week on a negative note. The key observation to be made is that after the formation of the bullish hammer candlestick pattern during the previous week, the SENSEX has managed to close above the lower boundary of the rising channel as shown in the adjoining (Chart II).The correction witnessed over the past two trading session could halt and take support between the 18250—18000 levels. On the upside we expect the levels of 18550--18700 levels to act as stiff resistance.
However in case the SENSEX fails to take support at the 18000 levels and starts to trade below the same, we would recommend a negative bias once again with possible targets of 17750 – 17500 levels.
We booked part profits on our long call given on GMDC Ltd @ 150 levels. (Initiated @145 levels). The recommendation has already fetched a smart gain of Rs 10,000/- per lot to the subscribers of our product Trading calls section. We continue to hold our long positions for targets of `155 levels.
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 18100 and 18250 levels whereas resistances are placed at the 18500 and 18650 levels
Thursday, June 2, 2011
BSE SENSEX (18,494.18)
The SENSEX opened the session with a gap down on the back of extremely negative cues from its global peers. The index plunged to an intraday low of 18390 levels during the early hours of the day’s trade. But the index gradually recovered from its day’s low as the session progressed. The SENSEX finally closed the session at the 18,494.18 levels with cut of 114.63 points.
The overall market breadth remained 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 Bank Index was the biggest looser amongst the sectoral indices as it closed the session with a cut of 1.50%. The Metal and Realty indices also closed the session with cuts of 1% each. The FMCG index led by its heavyweight HUL & ITC closed the session with a smart gain of 1%. As we had been pointing out in our previous few daily trading notes the SENSEX pulled back from the 18600 levels during yesterday’s session. Sustenance below the 18600 levels will see the index pullback further towards the 18300—18100 levels. But, the 18100 to 18700 levels are likely to remain the broad trading range for the SENSEX over the upcoming few sessions of trade.
The near term moving average placed at the 18350 levels will act as good near term support for the SENSEX, whereas the 18700—18800 zone will act as stiff resistance for the SENSEX.
We booked full profits on our long call given on Wockhardt Ltd @ 383.50 levels. (Initiated @ 361 levels). The recommendation fetched a smart return of 6.20% 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 18250 and 18375 levels whereas resistances are placed at the 18650 and 18750 levels
The overall market breadth remained 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 Bank Index was the biggest looser amongst the sectoral indices as it closed the session with a cut of 1.50%. The Metal and Realty indices also closed the session with cuts of 1% each. The FMCG index led by its heavyweight HUL & ITC closed the session with a smart gain of 1%. As we had been pointing out in our previous few daily trading notes the SENSEX pulled back from the 18600 levels during yesterday’s session. Sustenance below the 18600 levels will see the index pullback further towards the 18300—18100 levels. But, the 18100 to 18700 levels are likely to remain the broad trading range for the SENSEX over the upcoming few sessions of trade.
The near term moving average placed at the 18350 levels will act as good near term support for the SENSEX, whereas the 18700—18800 zone will act as stiff resistance for the SENSEX.
We booked full profits on our long call given on Wockhardt Ltd @ 383.50 levels. (Initiated @ 361 levels). The recommendation fetched a smart return of 6.20% 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 18250 and 18375 levels whereas resistances are placed at the 18650 and 18750 levels
BSE SENSEX (18,608.81)
The SENSEX opened the session with nominal gains and traded on a very stable note throughout the day’s trade. The index spent the majority of the day’s trade within a narrow range of 18520—18600 levels. The SENSEX finally closed the session at the 18,608.81 levels with smart gains of 106 points.
The overall market breadth remained stable and positive throughout the day’s trade as the advance decline ratio closed in favour of the advances in the ratio of 2:1 Most of the sectoral indices closed the session on a flat note but the Capital goods index helped by a smart gain in L&T witnessed a gain of 1.40%. The Power index also closed the session with a smart gain of 1%. The Consumer durables index with a cut of 0.60%.
The SENSEX has rallied close to 750 points from the lows of 17850 levels to 18600 levels over the past few sessions of trade. This smart up move has helped the index register a close above its key medium term moving average. We reiterate that the 18700 levels is a key resistance for the SESNEX on the upside and further upsides from current levels can be seen only if the SENSEX closes above the 18700 levels for a few sessions.
Pullbacks from current levels will find support between the 18300 to 18100 levels.
We booked full profits on our BTST call given on Petronet LNG Ltd @ 144 levels. (Initiated @ 138.80 levels). The recommendation fetched a gain of Rs10400/- per lot to the subscribers of our product BTST/STBT section.
We recommend subscribing to our product BTST/STBT section to avail such profitable BTST/STBT calls.
Today’s supports for the SENSEX are placed at the 18350 and 18475 levels whereas resistances are placed at the 18750 and 18850 level
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