Post Market Outlook

Cutting short from the Three day losing spree, the Indian Benchmark Index ended with the mild gains. The Sensex ended with 15,074 points (about 0.5% gains) in green and Nifty also ended in green by gaining 33 points (about 0.7% gains) on upside.

Asian Markets also showed some mild recovery in the middle of China's announcement of Economic Stimulus measures, Nikkei ended by gaining 0.6%, Hang Seng closed in green with 0.7% gains, Chinese Benchmark Shanghai Index closed positive by gaining 0.5%.

US Markets on Tuesday started with heavy selling pressure, with Dow Jones Losing about 1% and Nasdaq Losing about 1.25%. NYSE Composite Index is trading at 1.32% below the previous day's close. Let's wait for the US Closing Bell, to decide upon Indian Market's Global Cue status.

We will not be posting our Technical School posts today. However, we will post the same from tomorrow.

Happy Evening & Good Night!
Day Trading Analyst

Trading Calls

Trading calls for today in NSE are as below:

Symbol	S3	S2	S1	Pivot	R1	R2	R3	V %
AARTIIND	36.13	38.32	41.13	43.32	46.13	48.32	51.13	58.65%
AXISBANK	757.43	777.17	810.23	829.97	863.03	882.77	915.83	68.81%
EIDPARRY	259.07	279.03	305.97	325.93	352.87	372.83	399.77	844.88%
EXCELINFO	88.80	95.50	107.40	114.10	126.00	132.70	144.60	NA
GVKPIL	41.17	42.08	42.87	43.78	44.57	45.48	46.27	64.55%
HINDALCO	92.25	95.95	98.90	102.60	105.55	109.25	112.20	81.74%
IBSEC	41.37	42.68	43.97	45.28	46.57	47.88	49.17	100.04%
RENUKA	161.57	168.83	174.47	181.73	187.37	194.63	200.27	75.94%
SATYAMCOMP	72.73	85.47	83.33	96.07	93.93	106.67	104.53	449.49%
SUZLON	68.83	74.77	77.98	83.92	87.13	93.07	96.28	96.31%

 

Maintain Strict Stop Loss, End in Cash by EOD.

Always trade in Market's Direction.

Happy Trading!
Day Trading Analyst

Market Outlook

US Markets have closed in Red on Monday session; however, we can term US Markets as ending flat. Asian Markets are giving mixed performance; Nikkei is trading around 20+ points and has remained green throughout the session till now. However, Hang Seng has lost over 90+ points today. Indian Markets might respond accordingly in today's trading session.

If NSE opens and stays above 4466 levels for the first one hour, than we have tough resistance at 4533, 4629 and 4696 levels. In case, NSE open below 4466 and stays below this level for first one hour, then NSE has a Strong Support at 4370, 4304 and 4208 levels. Markets have been highly volatile with heavy volumes being traded yesterday, which offset the Asian Market performance. Heavy selling was noticed yesterday.

For Day Trading, it is advisable to maintain strict Stop Loss and remain in cash by end of trading session today.

Happy Trading!
Day Trading Analyst