Daily Updates


Wednesday, March 10th, 2010

Nifty Today

Wednesday Nifty  was again trading sideways near the 5120 level , a pause in uptrend.  Nifty established  5100 as intra day support. Oil & Gas stocks were strongest for the day. Global market trend was up during  Indian stock market hours.
Observations:

A compressed day is  formed on Nifty chart. Expecting 2 to 8% move in coming [...]

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Tuesday, March 9th, 2010

Nifty Today

Tuesday Nifty was trading sideways near the 5120 level , a pause in uptrend.  Nifty established  5100 as intra day support. Metel stocks were weakest for the day. Global market trend was directionless during  Indian stock market hours.
Observations:

A compressed day is  formed on Nifty chart. Expect 2 to 8% move in coming days.
Market [...]

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Monday, March 8th, 2010

Nifty today

Monday Nifty opened with  optimism and  touched the target of 5120. Nifty established  5110 as intra day support. Auto stocks were strongest for the day. Global market trend was up during  Indian stock market hours.
Observations:

5200 is important resistance zone for Nifty.
Market overbought in short term.
5400 is looking impossible at present , but any upside  is [...]

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Friday, March 5th, 2010

Nifty Today

Friday Nifty opened with  optimism to touch the target of 5120, it got hammered in that zone. Nifty established  5070 as intra day support. Metal stocks were strongest for the day. Global market trend was down during  Indian stock market hours.
Observations:

Moderate chances of short term downtrend.
Intermediate uptrend  have target of  5120 , 5400 levels. Nifty is [...]

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Thursday, March 4th, 2010

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 [...]

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Wednesday, March 3rd, 2010

Nifty Today

Swing Trading Calls In Feb 2010 at the BOTTOM of this page.
Wednesday Nifty had strong trending day. Nifty established  5050 as intra day support. Oil & Gas stocks were strongest. Global market trend was mix during  Indian stock market hours.
Observations:

Some stocks might face profit booking in coming days.
Intermediate uptrend  have target of  5120 , 5400 [...]

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Tuesday, March 2nd, 2010

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 [...]

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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.
In case if [...]

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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 in [...]

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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 in coming [...]

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