Reading Glossary recommended for better understanding of  this column. Long term nifty Chart at the end of this column.

Market  Technicals

]]> http://www.trendstoday.in/2010/07/30/2090/feed/ 0 http://www.trendstoday.in/2010/07/28/2062/ http://www.trendstoday.in/2010/07/28/2062/#comments Wed, 28 Jul 2010 16:10:18 +0000 Nishant Kalaskar http://www.trendstoday.in/?p=2062 Reading Glossary recommended for better understanding of  this column. Long term nifty Chart at the end of this column.

Market  Technicals

Nifty support & nifty resistance at the end of the column.

Nifty technicals

Nifty remains in a trading range of 5350 – 5460. See the nifty trendlines in the chart. Indian market breadth bearish.

Thanks to www.freedighitalphotos.net for all images.

• Lets see in which direction Nifty breaks the trading range shown by two blue dotted trend lines in the chart above ( 5350-5460).
• Historically  Nifty has faced selling pressure whenever nishant’s oscillator has moved near 40 level. The same oscillator is indicating fresh bullishness in market only if Nifty close above 5520 in next few days.
• The red trend line of the channel  in the long term Nifty chart (shown at the end of this column) or 5550 level may act as supply zone if Nifty continues marching upwards.
• Moderate to hight risk in fresh long term (1 to 3 years) investment.

Market Technicals

N

Nishant Kalaskar

• Lets wait and see in which direction Nifty breaks the trading range shown by two blue dotted trend lines( 5350-5460).
• Historically  Nifty has faced selling pressure whenever nishant’s oscillator has moved near 40 level , the same oscillator is not supporting the Nifty’s up move above 5380. This is warning alarm for bulls.
• The red trend line of the channel  in the long term Nifty chart (shown at the end of this column) or 5550 level may act as supply zone if Nifty continues marching upwards.
• Moderate to hight risk in fresh long term (1 to 3 years) investment.

Market Technicals

N

Nishant Kalaskar

Nasdaq Composite’s possible target 2350. See chart bellow.

• Nifty hit our first target of 5460. Second target , 5620 which is difficult but possible.
• Historically  Nifty has faced selling pressure whenever nishant’s oscillator has moved near 40 level. Important support to watch on Nifty is  5400.
• The red line of the channel  in the long term Nifty chart (shown at the end of this column) or 5530 level may act as supply zone if Nifty continues marching upwards.
• For bulls profit protection will be the first priority if Nifty starts trading above 5500. Protecting 70% of total profit is one of the best strategy in traders world.
• Moderate to hight risk in fresh long term (1 to 3 years) investment.

Market Technicals

Nifty Support levels are 5400 , 5355 , 5300 , 5280 , 5250 , 5180 , 5150

Nifty Resistance levels are 5460 , 5530 , 5650.

Nishant Kalaskar

Nasdaq Composite’s possible target 2350. See chart bellow.

• Nifty hit our first target of 5460. Second target , 5620 which is difficult but possible.
• Historically  Nifty has faced selling pressure whenever nishant’s oscillator has moved near 40 level. Important support to watch on Nifty is  5400.
• The red line of the channel  in the long term Nifty chart (shown at the end of this column) or 5530 level may act as supply zone if Nifty continues marching upwards.
• For bulls profit protection will be the first priority if Nifty starts trading above 5500. Protecting 70% of total profit is one of the best strategy in traders world.
• Moderate to hight risk in fresh long term (1 to 3 years) investment.

Market Technicals

Market Breadth: 0.60

Nifty Trends : Short term trend is up. Intermediate trend is  UP.

Nifty Trend Reversal Point : 5350

Nifty Support levels are 5400 , 5355 , 5300 , 5280 , 5250 , 5180 , 5150

Nifty Resistance levels are 5460 , 5530 , 5650.

Nishant Kalaskar

Nasdaq Composite’s possible target 2350. See chart bellow.

• Nifty on verge of achiving our first target of 5460. Second target:  5620.
• Historically  Nifty has faced selling pressure whenever nishant’s oscillator has moved near 50 level.  This level comes near 5470 for Nifty on  Friday.
• The red line in the long term Nifty chart (shown at the end of this column) or  5530 level may act as supply zone.
• For bulls profit protection will be the first priority if Nifty starts trading above 5500. Protecting 70% of total profit is one of the best strategy in traders world.
• Moderate to hight risk in fresh long term (1 to 3 years) investment.

Market Technicals

Market Breadth: 4.50

Nifty Trends : Short term trend is up. Intermediate trend is  UP.

Nifty Trend Reversal Point : 5360

Nifty Support levels are 5400 , 5355 , 5300 , 5280 , 5250 , 5180 , 5150

Nifty Resistance levels are 5460 , 5530 , 5650.

Nishant Kalaskar

• Lets see in which direction Nifty breaks the dotted trending range shown in chart above  (5350-5460), and starts fresh wave.
• The two black lines(3 & 4) in the long term Nifty chart are showing divergence between price & nishant’s oscillator. This indicates sharper down move in future.
• Expecting  more than 2 to 5 % move in next few days. This brings 5600 & 5230 levels on Nifty  in picture.
• 5460 & 5620 levels are possible targets for Nifty on Upside.
• Moderate to hight risk in fresh long term (1 to 3 years) investment.

Market Technicals

Market Breadth: 1.80

Nifty Trends : Short term trend is up. Intermediate trend is  UP.

Nifty Trend Reversal Point : 5360

Nifty Support levels are 5355 , 5300 , 5280 , 5250 , 5180 , 5150

Nifty Resistance levels are 5400 , 5460 , 5530 , 5650.

• Lets see if Nifty breaks the dotted line in the chart which comes near 5350, and starts fresh downtrend or not.
• The two black lines(3 & 4) in the Nifty chart are showing divergence between price & nishant’s oscillator. This indicates sharper down move in future.
• Expecting  more than 2 to 5 % move in next few days. This brings 5600 & 5230 levels on Nifty  in picture.
• Sentiment will remain bullish as long as nifty is holding dotted trend line in nifty chart. 5460 & 5620 levels are possible targets for Nifty on Upside.
• Moderate to hight risk in fresh long term (1 to 3 years) investment.

Market Technicals

Market Breadth: 0.40

Nifty Trends : Short term trend is down. Intermediate trend is  UP.

Nifty Trend Reversal Point : 5360

Nifty Support levels are 5355 , 5300 , 5280 , 5250 , 5180 , 5150

Nifty Resistance levels are 5400 , 5460 , 5530 , 5650.

See Nifty chart at the end of this column.

• Today you can see one more weak and directionless day in the chart bellow.
• The two black lines(3 & 4) in the Nifty chart are showing divergence between price & nishant kalaskar’s oscillator. This indicates sharper down move in future.
• Expecting  more than 2 to 5 % move in next few days. This brings 5600 & 5230 levels on Nifty  in picture.
• Sentiment will remain bullish as long as nifty is holding 5360. 5460 & 5620 levels are possible targets for Nifty on Upside.
• Moderate to hight risk in fresh long term (1 to 3 years) investment.

Thanks to www.freedigitalphotos.net for images.

Market Technicals

Market Breadth: 0.60

Nifty Trends : Short term trend is down. Intermediate trend is  UP.

Nifty Trend Reversal Point : 5360

Nifty Support levels are 5355 , 5300 , 5280 , 5250 , 5180 , 5150

Nifty Resistance levels are 5400 , 5460 , 5530 , 5650.