A Morning Walk Down Dalal Street

A morning walk down Dalal Street | 11,564 is crucial for bulls, correction phase may end if Nifty closes above 11,787

A close above 11787 will take the index towards recent swing high of 11,856 levels and march ahead towards 12,000 kinds of levels.

A morning walk down Dalal Street | Stay neutral till some signs of stability and strength are visible

Traders should remain neutral on indices till some signs of stability and strength are visible, suggest experts.

A morning walk down Dalal Street | Crucial support for Nifty at 11,550, avoid buying the current dip

The index slipped below its crucial support of 11,600 and the next crucial support was now placed at 11,550, experts said, advising traders to avoid buying the current dip.

A morning walk down D-St: Rising crude oil could be spoiler, appreciating rupee plays balancing act

The only spoiler for the market is crude oil which is in its 7th-week of consecutive gains. Though appreciating rupee balances the sentiment for the equity market, suggest experts

A morning walk down Dalal Street | Nifty may test 12,000 if it sustains above gap zone of 11,731–11,704

Investors should stay put and avoid profit booking at higher levels because chances of a further rise in markets look likely, suggest experts.

A morning walk down Dalal Street | Strong close above record high of 11,761 necessary for Nifty to move higher

The price action seen on April 15 is not strong enough to push the market higher and for major upside, the index has to register a strong close above its record high of 11,761, experts said.

A morning walk down Dalal Street | Nifty must decisively hold 11,550 zones to retest lifetime high of 11,761

It now requires a decisive hold of 11550 zones to retest its lifetime high of 11761 and then a fresh move towards 11888 zones, suggest experts.

A morning walk down Dalal Street | Bearish sentiment will strengthen if Nifty closes below 11,550

Unless the index emerges out of the trading range which appears to be 11,710–11,550, a directional move can't be witnessed. On the downside, it looks critical to sustain above 11,550 levels on closing basis breach of which shall strengthen the bearish sentiment.

A morning walk down Dalal Street | Close below 11,550 could drag Nifty lower towards 11,500-11,520

A close below 11550 could drag the index lower towards 11500-11520 levels, while a break below 11500 levels could trigger further profit taking.

A morning walk down Dalal Street | Focus on selective blue-chip companies, avoid leverage bets

Major upside in the market is possible only if Nifty decisively closes above its record high of 11,761 which it touched last week, experts said.

A morning walk down Dalal Street | 11,300 on the cards if Nifty decisively breaks crucial support of 11,549

If this bearish structure is unfolding then ideally Nifty shall not get past 11,710 kind of levels going forward.

A morning walk down Dalal Street | Nifty must trade above 11,550 to move towards 11,761-11,888

Industrial Production data for February and CPI Inflation for March will be released on April 12 after market hours.

A morning walk down Dalal Street | Selling pressure may aggravate if Nifty breaks crucial support of 11,550

A close below 11500-11550 could put further pressure on the markets while a close above 11761 would restore bullish momentum.

A morning walk down Dalal Street | Selling pressure could accelerate if Nifty breaks below crucial support of 11,550

If Nifty breaks below its crucial support level of 11,550, selling pressure could accelerate. Experts are of the view that a 25 bps rate cut is something which is factored in by markets.

A morning walk down Dalal Street | Further profit booking expected if Nifty closes below 11,655

Weakness shall get materialised once bears manage to pull down the Nifty below last Monday's gap zone of 11,644–11,630 levels on closing basis, suggest experts.

A morning walk down Dalal Street | Stay neutral, wait for consolidation or correction before creating fresh longs

In the next trading session, a close below 11,630 can act as a confirmation for short-term weakness that can set a bearish tone for the near term.

A morning walk down D-St: No sell signals on lower time frame charts, things still advantageous for bulls

Sensex rallied more than 2,800 points or 7.8 percent in March to post its best monthly gain since 2009 when it rallied 9.1 percent in the same period

A morning walk down Dalal Street | Life-time high around 11,760 possible if Nifty closes above 11,580

Experts advise short term traders to maintain long positions with a stop below 11,450 on a closing basis and look for new lifetime highs.

A morning walk down Dalal Street | Strength in Nifty possible only if index closes above 11,550

In the next trading session if Nifty closes below 11,400 then selling pressure may get further accentuated in the new series.

A morning walk down Dalal Street | Bulls can take Nifty near 11,600 if short covering continues ahead of expiry

Bulls can make an attempt to retest recent swing high of 11,572, aided by more short covering ahead of F&O expiry.

A morning walk down Dalal Street | For bulls to regain control, Nifty must close above 11,395-11,434

Going forward, the central banker's reaction to this imminent global slowdown (in terms of easy monetary policy, etc), upcoming corporate results season and political dynamics will hold the key, suggest experts.

A morning walk down Dalal Street | Bigger correction on cards if Nifty closes below 11,412-11,434

If Nifty closes below 11,412-11434 levels on Monday then it may set the tone for bigger correction which may eventually lead the index towards 11,230 kinds of levels, say experts.

A morning walk down Dalal Street | Expect rangebound trade to continue; above 11,556 Nifty may go beyond 11,600

This rangebound move is expected to continue in coming sessions, experts said, adding the decisive close above 11,556 could take the Nifty beyond 11,600.

A morning walk down Dalal Street | Unless weakness gets confirmed, refrain from creating short positions

Traders should refrain from creating short positions in anticipation of a corrective swing unless weakness gets confirmed in one or the other way.

A morning walk down Dalal Street | Momentum may stall, corrective swing towards 11,230 likely