Trends Today

Nifty Today

SEE Swing Trading Calls In Feb 2010 at BOTTOM of this page.

Tuesday Nifty has closed above 4950. We saw a strong trending session. Nifty established  4980 as intra day support. Auto stocks were strongest. Global market trend was mix during  Indian stock market hours.

Observations:

• Some stocks might face profit booking in coming days.
• Fresh Intermediate up trend has started today.
• Intermediate uptrend  have target of  5120 , 5400 levels.
• Important moving average lines are  in the zone of 4920 to 4970.

Market Technicals:

Market Breadth : 4.00

Market Trends : Short  term trend of market is up. Intermediate trend is UP.

Intermediate trend of market will turn DOWN if market closes bellow 4805 & 16075 for Nifty & Sensex respectively.

Support levels for Nifty are4985, 4950 ,  4840 , 4800 ,4690 , 4650 , 4470, 4050 , 3300 .

Resistance levels for Nifty are 5060 , 5120 , 5180 , 5240 , 5330 ,5400,  5570.

Breakout  Stocks of the day : Bharti Airtel.

Swing Trading Call In Feb 2010:

ACC Bought @ 865 & Sold @ 916 in just 5 Days.

Adani Ent. Bought @ 468 & Sold @ 510 in just 7 Days.

Ambuja Cement Bought @ 100 & Sold @ 108 in just 7 Days.

Axis Bank Bought @ 1067  & Still Holding.

BEL Bought @ 2070 @ sold @ 2030. Loss 40/- or 2 %.

Bharat Forge @ 255 & sold @ 245. Loss 10/- or 4%.

BHEL @ 2332 & Sold @ 2349/-

Cairn @ 160 & Sold @ 272/-

Cipla @ 321 & sold @ 311/- Loss 10/- or 3%.

Corp. Bank bought @  446 & Sold @ 432. Loss 14/- or 3%.

HCL Tech Bought @ 340 & Sold @ 365.

Hindalco Bought @ 145. Still Holding.

Idea bought @ 58. Still Holding.

L&T Bought @ 1460 & Still Holding.

Maruti Suziki Bought @ 1380 & sold @ 1340. Loss 40/- or 3%

Maruti Suziki Bought @ 1365 &  Still Holding.

Tata Motors Bought @ 710 & still Holding.

Tags: Breakout Stock, DAILY CALLS, Daily Nifty Analysis, intermidate trend, medium term trend, medium term trend of stocks, nifty future, Nifty target, Nifty Tips, RIL, stock market, technical analysis of nifty, Trading tips

This entry was posted on Tuesday, March 2nd, 2010 at 4:17 pm and is filed under Daily Updates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.