Archive for December, 2009


Wednesday, December 30th, 2009

Nifty Technical Analysis

Wednesday Nifty found its support near 5165. Intra day resistance  for Nifty was  near 5190. Consumer Durable  stocks were the strongest for the day while FMCG stocks were the weakest. Global market trend was down during  Indian market hours.
High chances of short term downtrend.  Nifty Volatility at 2009 low.
-                                                                                                                         -
Market Breadth : 0.60
Market Trends : Short  term trend [...]

Read More »

Tags: , , , , , , , , , , , , , , , , ,
Posted in Daily Updates | Comments »


Tuesday, December 29th, 2009

Nifty Daily

Tuesday Nifty was trading above the 5180 level  for the whole day. It has closed above 5180 & started  Intermediate uptrend. Intra day support for Nifty was  near 5180. Consumer Durable  stocks were the strongest for the day. Global market trend was up & weak during  Indian market hours.
A Compressed bar  formation on Nifty chart today. [...]

Read More »

Tags: , , , , , , , , , , , , , , , ,
Posted in Daily Updates | Comments »


Thursday, December 24th, 2009

Nifty Today

Thursday Nifty was trading in the zone of  resistance  5140-5190. It failed to close above 5180 & start Intermediate uptrend. Intra day support for Nifty was  near 5130. Auto  stocks were the strongest for the day. Global market trend was up during  Indian market hours. 
If  Nifty closes above 5180 then the probable targets will be [...]

Read More »

Tags: , , , , , , , , , , , , , , , , , , , , ,
Posted in Daily Updates | Comments »


Thursday, December 24th, 2009

Nifty Today

Wednesday Nifty was an example of classic trending day.  IT  stocks were the strongest for the day. Global market trend was up during  Indian market hours. 
As mentioned on Monday market has started a short term up trend. Lets see what happens at 5180 , the level above which the Intermediate trend will turn up.
-                                                                                                                         -
Market Breadth : -
Market [...]

Read More »

Tags: , , , , , , , ,
Posted in Daily Updates | Comments »


Tuesday, December 22nd, 2009

Nifty Today

Monday Nifty was holding  intra day support of  4975 throughout the day. Surprisingly it has closed near the  resistance of 4985. Metal stocks were the strongest  while IT  stocks were the strongest for the day. Global market trend was up during  Indian market hours. 
Moderate chances of short term up trend.
On Friday Nifty had 4th Poor weekly [...]

Read More »

Tags: , , , , , , , , , , , , , , ,
Posted in Daily Updates | Comments »


Monday, December 21st, 2009

Nifty Today

Monday Nifty was holding  intraday support of  4960 till 3 pm but later on cracked that level. Intraday resistance near 4990. Metal stocks were the weakest  while consumer durable   stocks were the strongest for the day . Global market trend was mix during  Indian market hours. 
Last week Nifty had 4th Poor weekly closing  in three months. Its warning [...]

Read More »

Tags: , , , , , , , , , , , , , , , , , , , ,
Posted in Daily Updates | Comments »


Friday, December 18th, 2009

Nifty Today

Thursday Nifty found intraday support near 5020. Intraday resistance near 5040. Banks  stocks were the weakest  while pharma stocks were the strongest for the day . Global market trend was mix during  Indian market hours. 
4th Poor weekly closing by market in last three months.
-                                                                                                                         -
Market Breadth : 0.40
Market Trends : Short  term trend of market [...]

Read More »

Tags: , , , , , , , , , , , , , , , ,
Posted in Daily Updates | Comments »


Thursday, December 17th, 2009

Nifty Today

Thursday Nifty found intraday support near 5020. Intraday resistance near 5070. Oil & gas stocks were the weakest  while Consumer durables stocks were the strongest for the day . Global market trend was down during  Indian market hours.  
 Nifty’s sideways move of last two trading days  is part of downtrend.
-                                                                                                                         -                                                                                                                                                                                                                              Market Breadth :  1.70
 Market Trends : Short  term trend of market is [...]

Read More »

Tags: , , , , , ,
Posted in Daily Updates | Comments »


Wednesday, December 16th, 2009

Nifty Today

Wednesday Nifty found intraday support near 5000. Resistance near 5070. Bank  stocks were the weakest  while IT stocks were the strongest. Global market trend was directionless during  Indian market hours.  
Global trend not supporting the medium term downtrend in Nifty.
-                                                                                                                         -                                                                                                                                                                                                                              Market Breadth :  1.80
 Market Trends : Short  term trend of market is down.  Medium term trend is DOWN.  Medium term trend [...]

Read More »

Tags: , , , , , , , , , , , ,
Posted in Daily Updates | Comments »


Tuesday, December 15th, 2009

Nifty Today

Tuesday Nifty intraday resistance near 5120. Important support of 5070 broken today. Bank  stocks were the weakest . Global market trend was down during  Indian market hours. 
 Medium Term Downtrend started today.
-                                                                                                                         -                                                                                                                                                                                                                              Market Breadth :  0.30
 Market Trends : Short  term trend of market is down.  Medium term trend is DOWN.  Medium term trend of market will turn up if market closes bellow 5183 & 17350 for [...]

Read More »

Tags: , , , , , , , , , , , ,
Posted in Daily Updates | Comments »