S&P CNX Nifty for 22 May 2013.

The tipping point for the day is at 6132 with immediate support at 6108. There after the support is at 6070.

On the flip side the market will face immediate resistance at 6121, 6132 and 6151.

However to resume the bull run the market will have to conquer the resistance of 6187.

Our outlook for today is that the market looks inconclusive and weak in the face of the impending settlement and over bought positions in F&O segment and this may couse it to slide even lower.

However, to resume the current trend of strong bull run, the support of 6108 is very crucial for today which if taken out will result in  a decrease in the commitment by the market players and slowing the speed of ascent.

S&P CNX Nifty for 17 May 2013.

The tipping point for the day is at 6162 with 6167 as the immediate support and thereafter at 6138 and 6063.
The immediate resistance is at 6175 and then at 6195 and 6220.
Our outlook is of continued optimism amid a bit of cooling and flare ups.

S&P CNX Nifty for 16 May 2013.

It turned out very much in expected lines. As stated in our blog post yesterday, the market did resume its bull run as it came back with great strength.

The tipping point for today is at 6108 with 6133 as the immediate support. Thereafter the supports are at 6114 and 6046.

The immediate resistance is at 6152 and then at 6196 and 6246.

Our outlook is of continued bull move amid a lot of strength.

S&P CNX Nifty for 15 May 2013.

As the followers of our post might have noticed that our resistance as stated in last post of 6027 held as Nifty returned from 6026.8.

The tipping point for today is at 5998 with 5991 as the immediate support. If 5991 gets breached then the next supports are at 5962 and 5914.

On the flip side the resistance is at 6004 and 6008. 

Our outlook for today is that of continued strength, which may lead to resumption of bull market if the benchmark index conquers 6062 mark. 

S&P CNX Nifty for 14 May 2013.

The tipping point for the day is at 6019. The resistances placed at 6006, 6027 and 6061.
The supports are at 5962 and 5914.
Our outlook for today is that the benchmark index must overcome 6061 conclusively for the bull run to resume. Otherwise the market will be somewhat weak as it will consolidate.

S&P CNX Nifty for 13 May 2013.

The tipping point for the day is at 6101with 6095 as the immediate support. Thereafter the supports are at 6071 and 6059.

On the flip side the resistances are at 6119, 6133 and 6150.

The outlook continues to be bullish as there is a bit more space on the upside even though there might be some supply emerging.

I Dont Want To Talk About It

Rod Stewart & Amy Belle

The lyrics

I can tell by your eyes that you've probably been cryin' forever,
And the stars in the sky don't mean nothin' to you, they're a mirror.
I don't want to talk about it, how you broke my heart.
If I stay here just a little bit longer,
If I stay here, won't you listen to my heart, whoa, my heart?

If I stand all alone, will the shadow hide the color of my heart?
Blue for the tears, black for the night's fears.
The stars in the sky don't mean nothin' to you, they're a mirror.
I don't want to talk about it, how you broke my heart.
If I stay here just a little bit longer,
If I stay here, won't you listen to my heart, whoa, my heart?
I don't want to talk about it, how you broke this ol' heart.

If I stay here just a little bit longer,
If I stay here, won't you listen to my heart, whoa, my heart?
My heart, whoa, my heart.