Archive for February, 2010


Friday, February 26th, 2010

Nifty Today

Friday Nifty moved based on Budget 2010. We saw a strong trending session. Nifty established  4880 as intra day support. Auto stocks were strongest , while FMCG stocks were weakest for the day. Global market trend was up during  Indian stock market hours. Observations: Moderate chances of Nifty closing above 4950 , with doubtful institutional interest. [...]

Read More »

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


Thursday, February 25th, 2010

Nifty Today

Thursday Nifty was trading in the intra day range of 4840 to 4865. One more dull trading session. Nifty established  4840 as intra day support. Pharma stocks were weakest for the day. Global market trend was down during  Indian stock market hours. Observations: Two compressed days  are  formed on Nifty Chart. Expecting 2 to 8 % move [...]

Read More »

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


Wednesday, February 24th, 2010

Nifty Today

Tuesday Nifty was trading in the intra day range of 4840 to 4860. One more dull trading session. Nifty established  4840 as intra day support. Pharma stocks were weakest for the day. Global market trend was down during  Indian stock market hours. Observations: A compressed day  is  formed on Nifty Chart. Expecting 2 to 8 % move [...]

Read More »

Posted in Daily Updates | Comments »


Tuesday, February 23rd, 2010

Nifty Today

Tuesday Nifty was trading in the intra day range of 4860 to 4880. It was a dull trading session. Nifty established  4840 as intra day support. Metal stocks were strongest & Auto stocks were weakest for the day. Global market trend was direction less  during  Indian stock market hours. Observations: In case if  Nifty closes above 4950 [...]

Read More »

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


Monday, February 22nd, 2010

Nifty Today

Monday Nifty opened with optimism & a gap of about 60 points but again sellers were dominant near 4920 level. It resulted in a fall from that level to 4850. Certainly there is change in the sentiment of the short term bulls who enjoied the rally from 4670 to 4930. Nifty established 4890 , 4850 [...]

Read More »

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


Friday, February 19th, 2010

Nifty Technicals

Friday. We saw Nifty’s emotional drama by wildly moving  up & down. As written on Thursday Nifty tested 4840 in the morning , it could not hold that level and went to test 4800. Then in the afternoon there was intraday rally up to 4980. Certainly there is change in the sentiment of the short [...]

Read More »

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


Thursday, February 18th, 2010

Nifty Technicals

Thursday. Nifty is  losing bull power  near the important zone of 4920 to 4950. RIL was weaker than the market today. Nifty established 4885 as intra day support. Bank stocks were strongest for the day. Global market trend was down during  Indian stock market hours. Observations: Tomorrow Nifty may test 4840 on down side. Important moving [...]

Read More »

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


Wednesday, February 17th, 2010

Nifty Technical Analysis

Wednesday. Nifty had a strong opening with gap in the morning. Above 4910 Nifty faced selling and was moving sideways with very low bull power. Nifty established 4885 as intra day support. Intra day  resistance for Nifty was near 4930. Metal stocks were strongest for the day. Global market trend was up during  Indian stock market [...]

Read More »

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


Tuesday, February 16th, 2010

Nifty Technical Analysis

Tuesday. Nifty has successfully closed above 4840.  Nifty established 4790 as intra day support. Intra day  resistance for Nifty was near 4840 , 4980. AUTO stocks were strongest for the day. Global market trend was up during  Indian stock market hours. Observations: Moderate chances of Market  testing 4950 on Nifty , the level above which the [...]

Read More »

Posted in Daily Updates | Comments »


Monday, February 15th, 2010

Nifty Technical Analysis

Monday. Nifty failed to sustain above 4840. As written on Thursday many stocks faced selling pressure throughout the day.  Nifty established 4790 as intra day support. Intra day  resistance for Nifty was near 4840. IT stocks were strongest for the day. Global market trend was direction less  & weak during  Indian stock market hours. Observations: The [...]

Read More »

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