The Sensex is an “index”. What is an index? An index is basically an indicator. It gives you a general idea about whether most of the stocks have gone up or most of the stocks have gone down.

The Sensex is an indicator of all the major companies of the BSE.

The Nifty is an indicator of all the major companies of the NSE.

If the Sensex goes up, it means that the prices of the stocks of most of the major companies on the BSE have gone up. If the Sensex goes down, this tells you that the stock price of most of the major stocks on the BSE have gone down.

Just like the Sensex represents the top stocks of the BSE, the Nifty represents the top stocks of the NSE.

Just in case you are confused, the BSE, is the Bombay Stock Exchange and the NSE is the National Stock Exchange. The BSE is situated at Bombay and the NSE is situated at Delhi. These are the major stock exchanges in the country. There are other stock exchanges like the Calcutta Stock Exchange etc. but they are not as popular as the BSE and the NSE.Most of the stock trading in the country is done though the BSE & the NSE.

Besides Sensex and the Nifty there are many other indexes. There is an index that gives you an idea about whether the mid-cap stocks go up and down. This is called the “BSE Mid-cap Index”. There are many other types of indexes.

There is an index for the metal stocks. There is an index for the FMCG stocks. There is an index for the automobile stocks etc.

Also read : What is Sensex 30 & NIFTY 50 ?

Last week we saw NIFTY was in a bullish mode.
Last week NIFTY closed at 3473 and this week at 3620 a huge gain.
FII’s participation was good.
NIFTY TRIN at 1.735
Over all Nifty is Range Bounded.
NIFTY Nature – Between 3400 – 3750.

Waiting till Election results are declared is the best strategy.

Current Spot – 3620.70
Support – 3540 and 3470
Resistance – 3725 and 3805
Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance)

Nifty scaled the 3600 mark last Monday and went on to close the week above this level. Next medium term target zone for Nifty, if we consider the retracement of the down-move from January 2008 peak, lies between 3800 and 4000. July 2008 trough at 3790 will also be keenly watched as a possible resistance. Close below 3270 is needed to mitigate the positive medium-term view for the index.

Short-term outlook for Nifty is also positive and immediate targets are at 3730 and 3794. Supports for the week would be available at 3560 and 3460. Fresh longs should be avoided on a close below the first support.

Happy Investing!

Last week we saw NIFTY was in a range bounded mode. Volatility was seen. Followed by many holidays n markets.
Last week NIFTY closed at 3480 and this week at 3473 a flat one.
FII’s participation was good. This participation can be reduced due to Swine Flu fear.
NIFTY TRIN at 0.42
Over all Nifty is Range Bounded.
NIFTY Nature – Wait.

Support – 3390 and 3341
Resistance – 3510 and 3585
Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance)

Nifty closed marginally in the red after a volatile start to the week. The index could move higher to 3487 or 3517 next week. If there is a close above the second target, it would usher in a rally to 3572. Supports for the week would be at 3300 and 3170. Short-term traders can continue to buy in declines as long as the index trades above the first support.

Medium term view for Nifty stays positive and a close below 3170 is required to signal a medium-term trend reversal.

U.S. Markets ended the week on the positive note with the Dow Jones Industrial Average closing at 8076:

Up 1.5% for the day, Down 0.68% for the week, Down 7.98% YTD

The Nasdaq or better known as Technology Index did fairly well in comparison closing at:

Up 2.55% for the day, Up 1.27% for the week, Up 7.44% YTD

The broad S&P500 Index closed at 866:

Up 1.68% for the day, Down 0.39% for the week, Down 4.10% YTD

This upcoming week there a lot of events which will influence the markets:

April 29: Marks the 100th day of President Obama’s Presidency. A report card of sorts will be presented. Where market, american public as well as media from around the world will be scrutinizing the new president’s policies and performance.

April 29: The GDP number or the rate of growth of american economy will be released on Wednesday.

April 29: The FED will give its Interest Rate decision

April 30: Personal Income and Spending information for the consumer for the month of April.

May 1: U.S. Auto makers report car sales for the month of April.

May 4: The Treasury Bank Stress Report is released.

There is far too much hype around this piece of information. It is not that a lot will be known at the end of day about the true health of each of the banks and it is well known that nearly all banks will get a clean report. But Wall Street has raised its expectations and there is much expectation which may lead to uncertainty and volatility in the market for this week. Banking stocks will be under the scanner and one can expect wild swings in the share prices.

How all this affects Indian Markets?

This is a short spread trading week with only 3 active trading days. There is expiry on wednesday the 29th which will be our last day of the week. Thursday and Friday markets will be closed. Elections results and speculations of who will form the next government will lead the market sentiment next week.

Over all I will be cautious in my moves this week.

-Tushar

stockezy.com

Last week we saw NIFTY was in a bullish mode. A good uptrend was seen. Followed by strong global cues.
Last week NIFTY closed at 3211.05 and this week at 3342.05 an increase of 130 points odd. A good one.
The week was followed with good global cues and also good local cues.
NIFTY TRIN at 0.566
Over all Nifty is Bullish.
NIFTY Nature – Heavily Over Bought

Support – 3150 and 3100
Resistance – 3425 and 3510
Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance)

Nifty recorded the intra-week peak at 3401 and ended with a 131 points gain. The doji formation in the daily chart and the halt below the 200-day moving average at 3441 implies indecision in the short-term. A short-term correction can pull the index down to 3234 or 3131. Fresh longs should be avoided on a decline below the first support. Medium-term view will, however, turn negative only on a close below 3000.

Immediate targets for the current rally are 3326 and 3450. If there is a vertical break-out above 3450, next target would be 3911. However, targets for the B wave of the long-term down-move from the 6357 peak are 3680 and 4050. These could be the ceiling for the index for this calendar.

NIFTY Auto generated EOD Technicals.

Chart -

EOD chart has formed “Bullish Engulf Pattern” with “Hanging Man Pattern” on Friday. We are stick to same view as we advocated last week, Nifty is bullish above 2869 level on closing basis. Currently Nifty is well above its 13 EMA(2816) and 34 EMA(2867) which suggest there is some amount of Bull steam is left for near term although that doesn’t mean that market is bullish , for intermediate term outlook is still bearish unless and until if closes above 3147. Currently trend line support exist at 2800. Daily RSI and MACD is exhibiting positive divergence where as Stochastic is in over bought region.

Support:- 2841/2827/2815

Resistance:- 2929 /2953

By Dhawal Joshi

NIFTY has a support at 2790 and 2710 and a resistace at 2950 and 3025
Sensex has a support at 9100 and 8910 and resistance at 9540 and 9740

Do you know Zimbabwe rolls out 100 trillion Z$ notes !

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The Sensex ended sharply positive as it rallied during the last hour of the trade. Sustained buying was seen in index pivotals. Oil & gas gained the most followed by power and metal stocks, while realty stocks dropped.

BSE Midcap and Smallcap index rose 0.53% and 0.07% respectively.

Among the sectoral indices, BSE Oil & gas soared 5.09%, Power surged 4.29%, Metal rose 3.45%, while Realty declined 2.39%.

The 30-share index, BSE Sensex opened with a gain of 78.91 points, at 9,125.65 on Friday and proceeded to trade higher through the day.

The Sensex ended the day with a gain of 276.85 points, or 3.06% at 9,323.59 after touching a high of 9,342.47 and a low of 9,125.65. The broad-based NSE Nifty climbed 91.75 points, or 3.35% at 2,828.45 after hitting a high of 2,835.65 and a low of 2,724.20.

Major gainers in the 30-share index were NTPC (7.69%), Reliance Energy (7.34%), Reliance Industries (6.56%), Tata Power Company (4.89%), Reliance Communications (4.79%), and Bharti Airtel (4.77%).

On the other hand, DLF (3.51%), Tata Consultancy Services (1.38%), Grasim Industries (1.11%), ACC (0.27%), and Maruti Suzuki India (0.22%) were the biggest losers in the Sensex.

Overall market breadth was sharply positive. Out of the total 2,497 stocks traded at BSE, 1,241 advanced, 1,162 declined while 94 remained unchanged.

	Indices Trend
		Sensex		Nifty
Period	Value	% Change	Value	% Change
1 Week	9,586.88	(2.75)	2,920.40	(3.15)
1 Month	9,976.98	(6.55)	3,041.75	(7.01)
3 Months	9,975.35	(6.53)	3,074.35	(8.00)
6 Months	13,635.40	(31.62)	4,092.25	le="font-weight: bold; color: rgb(51, 51, 255);" width="8%" align="right">(30.88)
1 Year	17,605.35	(47.04)	5,208.80	(45.70)

MyIRIS

On my Birth Day I am writing this post. Hope it benefits.

Last week markets went up as predicted.

The coming week we may see more volatility. But I am bullish until NIFTY doesn’t break 2840. Above 3150 we can see 3225 and 3280.

We are in a range bounded mode.

On Monday we could see our markets rally.

Fundamentals are in favor of markets. But the FII’s are still pulling out their money.

Simple Moving Averages.

Currently we are above 50 Days moving average.

We may face a stiff resistance at 3100.

Fibonacci price projections-

Chart –

Other Indicators –

- Volume (last/ 5 day average): 0 / 0

- 5 day RSI: 67 – no indication.

- 14 day RSI: 57 – no indication.

- Williams % R(14): 79 (summation factor 100)

- Average Directional Index ADX: 13

- Average True Range ATR: 5 days – 85 …..14 days – 110

NIFTY Futures –

Buy signal holds. Stop loss 2960.

Strong resistance at 3100. Previous top and trend line resistance.

Markets to continue trading within channel (EOD charts).

Happy Investing!

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Technical analyst, Vishwas Agarwal, while commenting on the market said, “From Monday or Tuesday onwards, market will start recovering for second and last round of current upmove. As this market will make next stop before January 14 and from there onwards, corporate results will start which are expected to be weak.“

“We have only around 10 working days to make money and exit from weak stock. 2,876 is the basic support and 2,976 is important to cross for a strong upmove. Overall market view is trade with stoploss only with no major big target for any upside in Nifty or any stock,“ added Agarwal. – MyIRIS