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Monday Market erased the Friday’s gains.Now it has again entered the 6 weeks old range of 4400 to 4700 on Nifty. For Sensex the range is 14800 to 16000.Breakout from this range will bring fresh positions.Holding 4400 on NIfty is favourable for investors. I.T. stocks were weakest today. World markets were weak today during indian market [...]
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Monday, August 31st, 2009
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Friday, August 28th, 2009
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Most probabaly its breakout for market today. It faced selling pressure near 4700 on Nifty in morning but later on firmly crossed 4720. Strength in Reliance Industries is behind the Nifty Breakout. RIL has started a new medium term uptrend today. Bank stocks Stronger than market. World markets were positive during Indian market hours. Market Trends [...]
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Thuresday:Indecisive & Choppy Market today forming a compressed activity. It faced selling pressure near 4700 on Nifty. Breaking this level is bull’s need.If 4720/16000 is not broken market may test downside levels again.From last 5 weeks Nifty is Stuck in the range of 4400 to 4700.For Sensex ,the range is 14800 to 16000.Breakout from these [...]
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Wednesday, August 26th, 2009
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WEDNESDAY: NIFTY COMPRESSED DAY.Indecisive & Choppy Market today. It faced selling pressure near 4700 on Nifty. Breaking this level is the Bull’s need.If 4720/16000 is not broken then market may test downside levels again.From last 5 weeks Nifty is Stuck in the range of 4400 to 4700.For Sensex ,the range is 14800 to 16000.Breakout from these levels [...]
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Wednesday, August 26th, 2009
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Tuesday, August 25th, 2009
Short term trend is up.Medium term trend is up.Breakout Stocks : Wipro, TechMahindra,TataMotors,Ranbaxy,Patni comp,NTPC,Mphasis.
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TUESDAY: Market faced selling near 4640 on NIfty in morning and had intraday fall. Tested 4580 on downside and bounced back.Nifty Crossed 4640 but could not take out 4660 for three hours. World markets were weak during Indian market hours. From last 5 weeks Nifty is Stuck in the range of 4400 to 4700.For Sensex ,the [...]
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