Posts Tagged ‘characteristics of trend’


Friday, February 19th, 2010

Nifty Technicals

Friday. We saw Nifty’s emotional drama by wildly moving  up & down. As written on Thursday Nifty tested 4840 in the morning , it could not hold that level and went to test 4800. Then in the afternoon there was intraday rally up to 4980. Certainly there is change in the sentiment of the short [...]

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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 move [...]

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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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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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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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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 if market closes bellow [...]

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Monday, November 16th, 2009

Nifty Today

Monday  market opened with gap and remained in a trading range of 20-25 points on Nifty.  Support near 5020.  Resistance near 5090. Auto Stocks were strongest today. Global market trend was up during Indian market hours. 
  -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth :  4.00  
Market Trends : Short  term trend of market is Up.  Medium term trend is Up.  Medium term trend of market will turn Down if market [...]

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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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Tuesday, November 10th, 2009

Market Today

Tuesday  market faced selling near 4945 on Nifty . Nifty was unable to sustain above 4900. Some stocks faced selling pressure  as they are still in medium term down trend.  PSU Stocks were strongest today.  Global market trend was  weak but up during Indian market hours. .
Short term trend may turn down.
  -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth : 0.40  
Market Trends : Short  term trend of market [...]

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