Archive for October, 2009


Friday, October 30th, 2009

Market Today

Friday  market opened with huge gap in the morning & later on there was tremendus  bear power till 4700 on NIfty. Resistance above 4840. High volatility .Global market trend was directionless during Indian market hours.  
Poor weekly closing with long term impact.
Market in strong downtrend. Moderate chances of short term uptrend if 4670 holds  on Nifty in coming days. Lets see [...]

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Thursday, October 29th, 2009

Market Today

Thursday  market found support near 4760 on Nifty in the morning. Resistance above 4820. High volatility. Bank & Metal  stocks were weaker than market.Global market trend was down during Indian market hours.  
Market in strong downtrend. Moderate chances of short term uptrend if 4670 holds  on Nifty in coming days.
-                                                                                                                              -                                                                                                                                                                                                                                   Market Breadth : 0.25   
Market Trends : Short  term trend of market is down.  Medium [...]

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Wednesday, October 28th, 2009

Market today

 Wednesday  market found support near 4780 on Nifty. Intraday resistance above 4860. RIL showed strength today. Bank stocks were weaker than market. IT stocks did better than market.  Global market trend was down during Indian market hours.  
American index Nasdaq has started medium term downtrend on Tuesday.
-                                                                                                                              -                                                                                                                                                                                                                                   Market Breadth : 0.55   
Market Trends : Short  term trend of market is down.  Medium term trend is Down.  Medium [...]

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Tuesday, October 27th, 2009

Market Today

 Nifty has broken bellow 4940. Medium term downtrend started.
Tuesday  was a day of trend change. Bears on front foot now. Bank & Metal stocks leading the fall. Global market trend was down during Indian market hours.  
-                                                                                                                              -                                                                                                                                                                                                                                   Market Breadth : 0.10   
Market Trends : Short  term trend of market is down.  Medium term trend is Down.  Medium term trend of market will turn Up if market [...]

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Monday, October 26th, 2009

Market Today

Friday 2.44 pm : Nifty has broken bellow 4940. Medium term downtrend started.
Monday  Market faced  selling in the morning and found support  near 4970 on Nifty.  Then there was rally till 5030 which was erased by bears with equal force. Pharma stocks did better than market. Global market trend was up during Indian market hours.  
Most probably  market has formed a top. Protect profit [...]

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Friday, October 23rd, 2009

Market Today

Global Market trend turned down in the late evening on Friday.
Friday  Market faced resistance  near 5050 on Nifty. 5050 is important level for traders.  Then market faced selling pressure till 4990.  Reliance Ind. underperformed the market along with heavy selling in it.  Bank stocks did better than market. Global market trend was up  during  indian market hours.  
Poor weekly closing. Heavy Selling in RIL is threat [...]

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Thursday, October 22nd, 2009

Market Today

Thursday  Market opened with gap on downside &  tried to  hold 5050 on Nifty. Then market faced selling pressure till 4970.  Capital Goods stocks underperformed the market.  FMCG stocks did better than market. Global market trend was down  during  indian market hours.  
 Protect Profit.
-                                                                                                                              -                                                                                                                                                                                                                                   Market Breadth : 0.15   
Market Trends : Short  term trend of market is down.  Medium term trend is UP.  Medium [...]

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Wednesday, October 21st, 2009

Market Today

Wednesday: As written yestearday market was holding 5100 on Nifty in hope of short term uptrend. It failed to sustain there. It cracked that level & tested 5050.  Auto stocks underperformed the market. IT stocks did better than market. Global market trend was down  during  indian market hours.  
 Protect Profit. 
-                                                                                                                              -                                                                                                                                                                                                                                   Market Breadth : 0.35   
Market Trends : Short  term trend of market is down.  Medium [...]

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Tuesday, October 20th, 2009

Market Today

Tuesday market faced selling near 5170 on Nifty. It found support near 5110. Metal Stocks did the best today. RIL underperformed the market. Global market trend was weak  during  indian market hours.   Tomorrow if 5100 holds on Nifty there are moderate chances of short term trend turning up. 
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Market Breadth : 0.65                                                                                                                                                                                                                                   Market Trends : Short  term trend of market is down.  Medium term trend [...]

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Friday, October 16th, 2009

Market Today

Friday market faced selling near 5150 on Nifty. It found support near 5130. Bank Stocks did the best today. Auto stocks underperformed the market. Global market trend was weak  but up during indian market hours.    
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Market Breadth : 1.20                                                                                                                                                                                                                                   Market Trends : Short  term trend of market is up.  Medium term trend is UP.  Medium term trend of market will turn down [...]

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