Trends Today

Nifty Today

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

Thursday Nifty opened with gap n could not cross the 5990 level throughout the session. Nifty established  5050 as intra day support. Metal stocks were strongest for the day. Global market trend was down during  Indian stock market hours.

Observations:

• Considerable selling in global markets today.
• Moderate chances of short term downtrend.
• Intermediate uptrend  have target of  5120 , 5400 levels. Nifty is trading just near 5120 so there are high chances of  Nifty  touching that level.  5400 is looking impossible at present , but anything can happen in intermediate uptrend , so be ready.
• Important moving average lines are  in the zone of 4920 to 4970.

Market Technicals:

Market Breadth : 1.80

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 are  5050 , 4950 ,  4840 , 4800 ,4690 , 4650 , 4470, 4050 , 3300 .

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

Breakout  Stocks of the day : LIC Hsg Fin. , Rcom

Swing Trading Call In Feb 2010( On 2 March 10)

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, breakout stocks, DAILY CALLS, Daily Nifty Analysis, Nifty, Nifty 50, nifty daily tips, nifty index, nifty resistance, nifty support, Stock trends, support for nifty, technical analysis of nifty, Trading tips, trend

This entry was posted on Thursday, March 4th, 2010 at 4:18 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.