Posts Tagged ‘breakout’


Monday, January 18th, 2010

Nifty Technical Analysis

Monday Nifty was unable to break the 5300 zone on upside. Intra day support for Nifty was  near 5260 & resistance near 5280.  Bank  stocks were the strongest for the day while pharma  stocks were weaker than market. Global market trend was down during  Indian market hours.
Long term indicators not supporting the  Nifty’s up move [...]

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Tuesday, December 29th, 2009

Nifty Daily

Tuesday Nifty was trading above the 5180 level  for the whole day. It has closed above 5180 & started  Intermediate uptrend. Intra day support for Nifty was  near 5180. Consumer Durable  stocks were the strongest for the day. Global market trend was up & weak during  Indian market hours.
A Compressed bar  formation on Nifty chart today. [...]

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Wednesday, December 16th, 2009

Nifty Today

Wednesday Nifty found intraday support near 5000. Resistance near 5070. Bank  stocks were the weakest  while IT stocks were the strongest. Global market trend was directionless during  Indian market hours.  
Global trend not supporting the medium term downtrend in Nifty.
-                                                                                                                         -                                                                                                                                                                                                                              Market Breadth :  1.80
 Market Trends : Short  term trend of market is down.  Medium term trend is DOWN.  Medium term trend [...]

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Wednesday, December 9th, 2009

Nifty Today

Thursday Nifty intraday resistance near 5140. Support near 4990. Consumer durables stocks were the weakest while Capital goods stocks were stronger than market. Global market trend was directionless & weak during  Indian market hours. 
Trend extreamly weak.
-                                                                                                                         -                                                                                                                                                                                                                              Market Breadth :  1.90
 Market Trends : Short  term trend of market is up.  Medium term trend is Up.  Medium term trend of market will turn Down if market closes bellow 5050 [...]

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Monday, November 30th, 2009

Nifty Today

Monday Nifty Showed  strength in first half of the session & weakness in second half . Intraday resistance near 5060. Short term trend is up now. Metal stocks were the strongest today. Global market trend was directionless  during  Indian market hours. 
 Nifty moving  between  4920-5100 from last three weeks. Breakout from this range will start fresh trend .
  -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth :  6.80
Market Trends : Short  term trend [...]

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Thursday, November 26th, 2009

Nifty Today

Thursday Nifty failed to hold  intraday support of 5090 & then there was a crack. Short term trend of market  is down now. Global market trend was down  during  Indian market hours. 
As mentioned on 23 November “Fresh Buy Signal will fail if Nifty closes bellow 5050″ . Nifty closed at  5005 on 26 November resulting in a panic on Friday morning.
  -                                                                                                                         -                                                                                                                                                                                                                                [...]

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Wednesday, November 25th, 2009

Nifty Today

Wednesday   Nifty intraday support 5100. Resistance near 5140.  FMCG stocks were stronger  than market  today . Global market trend was up  during  Indian market hours. 
Experts might use “RIL Bonus” as an opportunity unload RIL.
  -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth :  0.75
Market Trends : Short  term trend of market is Up.  Medium term trend is Up.  Medium term trend of market will turn Down if market closes bellow [...]

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Monday, November 23rd, 2009

Nifty Today

Friday   Nifty intraday support 5090. Resistance near 5110.  RIL was stronger  than market  today. Global market trend was UP  during  Indian market hours. 
 Fresh buy signal by Nifty. Signal will prove  to be wrong on Nifty closing bellow 5050.
  -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth :  1.2
Market Trends : Short  term trend of market is Up.  Medium term trend is Up.  Medium term trend of market [...]

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Friday, November 13th, 2009

Market Today

Thursday  market in range of   5010 & 4970 on from last two days. After breaking 4970 level on Nifty yestearday today it has returned back in that range.  support near 4920.  Auto Stocks were strongest today. .  Global market trend was directionless during Indian market hours. Indian market was the strongest today.
Strong weekly closing. Uptrend may lose steam if market fails to breakout towards 5180 on Nifty  in the next [...]

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Thursday, November 12th, 2009

Market Today

Thursday  market was directionless between 5010 & 4970 on Nifty till 2 pm. After breaking that level Nifty found support near 4920.  IT Stocks were strongest today. Metal & Banking stocks were weakest today.  Global market trend was down during Indian market hours. 
High chances of short term downtrend.
  -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth :  2.80  
Market Trends : Short  term trend of market is Up.  Medium term trend is Up.  [...]

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