Post Market Outlook

The Benchmark Index of India Sensex rose to its 52 week high by closing at 15,670 points. This market action is due to continued Top Earnings Estimates. We had seen that the Indian Markets are following the global market by over 85%. As we said this morning, that US Market Rally and Asian Market rally will Impact Indian Markets. It has positively impacted Indian Markets today. Nifty also gained a lot of momentum today by closing at 4636 levels by gaining 65 points. This can give us a strong signal for coming weeks' Market Activity.

If we look into out Trading Calls which was given this morning, we have achieved the following stats.

IFCI: High @ 52.80; Low @ 50.50; Close @ 51.25; (this is above our Resistance 2 (52.13))

ISPATIND: High @ 23.15; Low @ 22.05; Close @ 22.40 (This is exactly at our Resistance 2 (23.15) & closing above pivot)

RNRL: High @ 86.70; Low @ 82.25; Close @ 83.45 (This is above our Resistance 1 (86.03))

SUZLON: High @ 103.80; Low @ 98.15; Close @ 99.80 (This is above our Resistance 2 (103.08))

UNITECH: High @ 94.35; Low @ 87.85; Close @ 90.10 (This is just above our Resistance 1 (94.22))

Note: In order to use our Trading Calls successfully, you need to check the Trend of the Stock first and then look if the Stock is trading above or below pivot levels, keep pivot level as Stop Loss and once the Price breaks the Support of Resistance level and stays there for a while and moves ahead in your trading direction, move the Stop loss to the next level.

Please leave your comments, if you need any more information on NSE & BSE Trading Methods.

We will post the Weekly Analysis for this week tomorrow and Analysis for Next Week on Sunday.

Thank you for joining us for this discussion

Happy Weekend!
Day Trading Analyst