Trends Today » bare market http://www.trendstoday.in JOIN Technical Analysis Course in Pune. Register NOW for FREE Nifty Technicals Email Thu, 09 Feb 2012 12:58:59 +0000 en hourly 1 http://wordpress.org/?v=3.1.1 Nifty Technical Analysis http://www.trendstoday.in/2010/01/27/nifty-technical-analysis-17/ http://www.trendstoday.in/2010/01/27/nifty-technical-analysis-17/#comments Wed, 27 Jan 2010 10:07:47 +0000 Nishant Kalaskar http://www.trendstoday.in/?p=824 Wednesday Nifty opened with gap on downside and had free fall of about 150 points. Bears are having total control over market. Nifty could not establish any intra day support due to free fall in market. Intra day  resistance for Nifty was near 4900.  Auto , Metal  stocks were the weakest for the day. Global market trend was down during  Indian market hours.

Observations:

  • Important support of 5000 level is broken decisively on Nifty today.  There is threat of bear market.
  • Today’s Volatility highest in last one month.
  • The fall  in Nifty from 19  Jan 2010 is the sharpest in last four months.
  • Last Friday market has given Poor weekly closing with long term impact.

Market Technicals:

Market Breadth : 0.05

Market Trends : Short  term trend of market is down. Intermediate trend is DOWN.

Intermediate trend of market will turn UP if market closes above 5290 & 17712 for Nifty & Sensex respectively.

Support levels for Nifty   4840 ,  4800 ,4730 , 4 690 , 4650 , 4050 , 3300 .

Resistance levels for Nifty are 4935 ,4985 ,5180 , 5130 ,5240 , 5330 , 5570.

Breakout  Stocks of the day : SBI , Tata Steel , Ibulls Real .

- Nishant Kalaskar.

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SUBSCRIBE Swing Trading Calls

We are holding Nifty 5200 Put  Option & Nifty 5300 Put Option from Wednesday ,  20 Jan 10 morning!

]]> http://www.trendstoday.in/2010/01/27/nifty-technical-analysis-17/feed/ 0 Nifty Technical analysis http://www.trendstoday.in/2010/01/22/nifty-technical-analysis-15/ http://www.trendstoday.in/2010/01/22/nifty-technical-analysis-15/#comments Fri, 22 Jan 2010 10:29:03 +0000 Nishant Kalaskar http://www.trendstoday.in/?p=805 Friday Nifty opened with panic and then recovered from the day low. Bellow 518It tried to test 5180 level intraday but failed to sustain there. Intra day support for Nifty was  near 4950 & resistance near 5180.  IT stocks were the weakest for the day while FMCG stocks were strongest for the day. Global market trend was down during  Indian market hours.

Observations:

  • This Friday market has given Poor weekly closing with long term impact.
  • The uptrend  in Nifty from  November 09  has  lost the steam  as  compared to the rise in Nifty  till November 2009.
  • Trendline support near 5000 for Nifty on weekly chart.
  • Protecting 75 % of total profit is the best strategy for investors.

Market Technicals:

Market Breadth : 0.07

Market Trends : Short  term trend of market is down. Intermediate trend is DOWN.

Intermediate trend of market will turn UP if market closes above 5290 & 17712 for Nifty & Sensex respectively.

Support levels for Nifty  4985 ,4935 , 4840 ,  4800 ,4730 ,  4 690 , 4665 , 4050 , 3300 .

Resistance levels for Nifty are 5080 ,5180 , 5130 ,5240 , 5330 , 5570.

Breakout  Stocks of the day : L&T .

Reading Glossary is recommended for better understanding of this column.

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SUBSCRIBE Swing Trading Calls

Subscribers are holding Nifty 5200 Put  Option & Nifty 5300 Put Option from Wednesday ,  20 Jan 10 morning!


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