Archive for January, 2012

Tuesday, January 31st, 2012

Nifty Trend

Nifty needs to sustain above 5140 to remain bullish on Wednesday. Nifty is trading near the significant supply zone of 5150-5300. Nifty’s Intermediate trend is Up. Nifty target:  5450. Resistance for Nifty:  5150 , 5200, 5250. Support for Nifty:  4950 , 4870 , 4800. Bank Nifty is in intermediate Up trend. CNX IT is in Up trend. Indian CNX 500 [...]

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Monday, January 30th, 2012

Nifty Today

Nifty needs to sustain above 5180 to erase the bearish sentiment on Tuesday. Nifty is trading near the significant supply zone of 5150-5300.  Failure to cross this supply zone will prove currant market levels as “Better Exit Opportunity Zone” for  investors. BreakOut Stock: HUL , Dabur India , Delta Corp. , VIP Ind. Nifty’s Intermediate trend is Up. [...]

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Friday, January 27th, 2012

Nifty Trend

Nifty needs to sustain above 5200 to remain bullish on Monday. Nifty is trading near the significant supply zone of 5150-5300.  Failure to cross this supply zone will prove currant market levels as “Better Exit Opportunity Zone” for  investors. If  Nifty breaks & sustains above 5300 then it can give magnificent returns in 2012. Nifty’s Intermediate trend is Up. [...]

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Wednesday, January 25th, 2012

Nifty Today

Nifty needs to sustain above 5200 to remain bullish on Friday. Nifty is trading near the significant supply zone of 5150-5250. Nifty’s Intermediate trend is Up. Nifty target:  5150(hit) Resistance for Nifty:   5150 , 5200, 5250. Support for Nifty:  4930 , 4850 , 4780. Bank Nifty is in intermediate Up trend. CNX IT is in Down trend. Indian CNX 500 [...]

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Tuesday, January 24th, 2012

Nifty Today

Nifty needs to sustain above 5100 to remain bullish on Wednesday. Nifty almost hit its target of 5150 today. Nifty is trading near the significant supply zone of 5150-5250. Nifty’s Intermediate trend is Up. Nifty target:  5150 Resistance for Nifty:   5150 , 5200, 5250. Support for Nifty:  4910 , 4835 , 4770. Bank Nifty is in [...]

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Monday, January 23rd, 2012

Nifty Today

Click to Enlarge Nifty Chart Nifty needs to sustain above 5000 to remain bullish on Tuesday. As mentioned earlier 5100-5200 is challenging supply zone for Nifty in the year 2012. Nifty is trading near those levels & 2% away from its target. Overall its time to protect profit on longs. Nifty’s Intermediate trend is Up. Nifty [...]

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Saturday, January 21st, 2012

Nifty Trend

Click to Enlarge Nifty Chart Nifty needs to sustain above4980 to remain bullish on Monday. As mentioned earlier 5100-5200 is challenging supply zone for Nifty in the year 2012. Nifty is trading near those levels , lets see what happens there. Overall its time to protect profit on longs. Nifty’s Intermediate trend is Up. Nifty target: [...]

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Thursday, January 19th, 2012

Nifty Today

Nifty needs to sustain above 4980 to remain bullish on Friday. Market is overbought so Protect Gains on longs. There is moderate to high risk in fresh long term investment. Nifty’s Intermediate trend is Up. Nifty target:  5150. Resistance for Nifty:   5020 , 5070. Support for Nifty:  4800, 4750, 4700. Bank Nifty is in intermediate Up trend. CNX IT [...]

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Wednesday, January 18th, 2012

Nifty Trend

Nifty needs to sustain above 4900 to remain bullish on Thursday. There is moderate to high risk in fresh long term investment. Nifty’s Intermediate trend is Up. Nifty target:  5150. Resistance for Nifty:  4970, 4990 , 5020 , 5070. Support for Nifty:  4800, 4750, 4700. Bank Nifty is in intermediate Up trend. CNX IT is in Down trend. Indian CNX 500 [...]

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Tuesday, January 17th, 2012

Nifty Today

Nifty needs to sustain above 4900 to remain bullish on Wednesday. Nifty touched its first target of 4950 today. There is moderate to high risk in fresh long term investment. Nifty’s Intermediate trend is Up. Nifty target:  5150. Resistance for Nifty:  4970, 4990 , 5020 , 5070. Support for Nifty:  4800, 4750, 4700. Bank Nifty is in intermediate Up trend. [...]

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