Archive for June, 2010


Wednesday, June 30th, 2010

NIFTY Technicals

NIFTY Outlook American index Nasdaq , S&P 500 have broken important support levels on Wednesday , signs of long term bearishness. Despite of Wednesday’s sharp recovery Nifty remains in Intermediate downtrend. 5300 is important support & 5340 important resistance  for Nifty on Thursday. 5120 or 4950 levels are targets for currant intermediate downtrend. Moderate risk [...]

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Tuesday, June 29th, 2010

NIFTY Today

NIFTY Outlook Green Trendline & 5260  is Broken by Nifty today. Intermediate downtrend started for Nifty. 5120 or 4950 levels are targets for currant intermediate downtrend. Moderate risk in fresh long term(1 to 3 years) investment. Market Technicals Market Breadth : 0.45 Market Trends : Short  term trend of market is down. Intermediate trend is DOWN. Intermediate trend [...]

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Monday, June 28th, 2010

Nifty Technicals

NIFTY Outlook: Some stocks might face selling pressure near 5360 level on Nifty tomorrow. 5260 or the green trend line is  important support on 29 June 2010. Failure to hold 5260 may take Nifty to  5200 , 5110 or 4950 levels. 5400 targets for Nifty’s intermediate uptrend. Moderate risk in fresh long term(1 to 3 [...]

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Friday, June 25th, 2010

Nifty Technicals

www.trendstoady.in Observations & Possibilities: Nifty is in short term downtrend now. Recovery in some stocks possible if Nifty holds 5240 on Monday. Nifty has given poor weekly closing. Bears dominant above 5300 levels. Failure to hold 5200 may take Nifty to 5110 or 4950 levels. 5400 targets for Nifty’s intermediate uptrend. Moderate risk in fresh long [...]

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Friday, June 25th, 2010

NIFTY technicals

www.trendstoady.in Observations & Possibilities: High chances of short term downtrend. Nifty may test 5200. Historically Nifty has faced selling pressure after being direction-less above 5300. 5230 is important Nifty support on 25 June 10 . 5400 targets for Nifty’s intermediate uptrend. Moderate risk in fresh long term(1to 3years)investment. Market Technicals Market Breadth : 0.70 Market Trends : Short  term trend of market [...]

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Wednesday, June 23rd, 2010

NIFTY technicals

Observations & Possibilities: Few more dull days possible. 5200  is important support for Nifty on 24 June 10 . 5400 targets for Nifty’s intermediate uptrend. Moderate risk in fresh long term(1to 3years)investment. 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 [...]

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Tuesday, June 22nd, 2010

Nifty Technicals

Observations & Possibilities: Uptrend is disturbed due to today’s selling. Some stocks may recover tomorrow. 5175  is important support for Nifty on 23 June 10 . 5400 targets for Nifty’s intermediate uptrend. Moderate risk in fresh long term(1to 3years)investment. Market Technicals Market Breadth : 0.40 Market Trends : Short  term trend of market is up. Intermediate trend is [...]

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Monday, June 21st, 2010

Nifty Technicals

Observations & Possibilities: Nifty hit 2nd target of 5340 today. Holding 5335 level (blue trendline)  is very important for Nifty to remain bullish on Tuesday. 5160(green trendline)  is important support for Nifty on 22 June 10 . 5400 targets for Nifty’s intermediate uptrend. Moderate risk in fresh long term(1to 3years)investment. Market Technicals Market Breadth : 6.50 Market Trends [...]

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Friday, June 18th, 2010

Nifty Trendline

Observations & Possibilities:. On Monday Nifty may test 5206 , the level bellow which the intermediate downtrend will start . Holding 5295 level (blue trendline)  is very important for Nifty to remain bullish on Monday. 5120(green trendline)  is important support for Nifty on Monday . 5340 & 5400 targets for Nifty’s intermediate uptrend. Any level above 5200 [...]

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Thursday, June 17th, 2010

Nifty Index Trend

Observations & Possibilities: Up move above 5200 on Nifty is not broad based. 5250 &5120(blue & green trendlines) are important support for Nifty . 5340 & 5400 targets for Nifty’s intermediate uptrend. Any level above 5200 on Nifty  is a better exit opportunity for investors. Moderate risk in fresh long term(1to 3years)investment. Market Technicals Market Breadth : [...]

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