Posts Tagged ‘Bull market’


Monday, February 8th, 2010

Nifty Technical Analysis

Monday ,Nifty witnessed short covering bellow 4700 . Nifty established 4700 as intra day support. Intra day  resistance for Nifty was near 4800. IT  stocks were strongest for the day. Global market trend was mix during  Indian stock market hours. Observations: All global markets including Indian market are in strong downtrend. (ADX(14) >30). Investors should protect their capital. [...]

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Wednesday, January 27th, 2010

Nifty Technical Analysis

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 [...]

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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 [...]

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Wednesday, December 30th, 2009

Nifty Technical Analysis

Wednesday Nifty found its support near 5165. Intra day resistance  for Nifty was  near 5190. Consumer Durable  stocks were the strongest for the day while FMCG stocks were the weakest. Global market trend was down during  Indian market hours. High chances of short term downtrend.  Nifty Volatility at 2009 low. -                                                                                                                         – Market Breadth : 0.60 Market Trends [...]

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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 : [...]

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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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Tuesday, November 24th, 2009

Nifty Today

Tuesday   Nifty intraday support 5060. Resistance near 5110.  Auto stocks were stronger  than market  today while metal stocks were weakre. Global market trend was down  during  Indian market hours.  Moderate chances of short term downtrend.   -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth :  0.60 Market Trends : Short  term trend of market is Up.  Medium term trend is Up.  Medium term trend of market will turn Down [...]

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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 [...]

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Friday, November 6th, 2009

Market Today

Friday  market was opened with bullish gap. As mentioned yestearday  the market tried to test 4855 zone on Nifty.  Support 4780 on NIfty. High volatility. Global market trend was  up during Indian market hours. Indian market was the strongest one today.  Two Possibilities : 1. Nifty will fail to cross 4855 & medium term down trend  will resume. 2. Nifty will cross 4855 to test previous [...]

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Thursday, November 5th, 2009

Market Today

Thursday  market was directionless between 4600 & 4670 till 1.30 pm. Short term trend was down intraday but with the sharp up move it seems the market has decided to test 4855 on Nifty. Support 4670 on NIfty.  High volatility. Global market trend was  down during Indian market hours. Indian market was the strongest one today.  4850 Target for Pullback rally.   -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth : 5.60   [...]

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