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Nifty Technical Analysis

Nishant Kalaskar — Wed, 27 Jan 2010 10:07:47 +0000

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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Nifty Technical Analysis

Nishant Kalaskar — Mon, 18 Jan 2010 13:36:57 +0000

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 on weekly charts.

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Market Breadth : -

Market Trends : Short term trend of market is up. Intermediate trend is UP.

Intermediate trend of market will turn DOWN if market closes bellow 5160 & 17323 for Nifty & Sensex respectively.

Support levels for Nifty 5180 , 5130 , 5080 , 4985 , 4800 , 4 700.

Resistance levels for Nifty are 5240 , 5330 , 5570 , 5630 , 5740,5825 , 5950 , 6200

Breakout Stocks of the day : MRPL.

Reading Glossary is recommended for better understanding of this column.

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Nifty Today

Nishant Kalaskar — Thu, 26 Nov 2009 10:02:07 +0000

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.

- - Market Breadth : 0.20

Market Trends : Short term trend of market is down. Medium term trend is Up. Medium term trend of market will turn Down if market closes bellow 4930 & 16630 for Nifty & Sensex respectively.

Support levels for Nifty are 4930 , 4900, 4855 , 4 700, 4670 , 4560 , 4520.

Resistance levels for Nifty are 5020, 5060, 5090, 5180 , 5330 , 5550 , 6200.

Breakout Stocks of the day : ITC.

Reading Glossary is recommended for better understanding of this column. -

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Nifty Today

Nishant Kalaskar — Wed, 25 Nov 2009 10:10:25 +0000

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 4930 & 16630 for Nifty & Sensex respectively.

Support levels for Nifty are 5090 , 5060 , 5020, 4940 , 4900, 4855 , 4 700, 4670 , 4560 , 4520.

Resistance levels for Nifty are 5180 , 5330 , 5550 , 6200.

Breakout Stocks of the day : Satyam.

Reading Glossary is recommended for better understanding of this column. -

Remove losers like these from your portfolio

HDIL SELL recommended at 344 now trading at 320 , Mphasis Sell recommended at 740 now trading at 680 , Unitech Sell recommended at 83 now trading at 78 , TechMahindra Sell recommended at 1000 now trading at 920 , Satyam sell recommended at 110 now trading at 89

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Nifty Today

Nishant Kalaskar — Fri, 20 Nov 2009 10:44:48 +0000

Friday Nifty intraday support 4940. Resistance near 5060. Short Term trend is up now. Bank Stocks were stronger than market today. Global market trend was directionless during Indian market hours.

Strong weekly closing. Nifty’s Closing above 5080 is trigger for fresh buying.

- - Market Breadth : 2.2

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 4930 & 16630 for Nifty & Sensex respectively.

Support levels for Nifty are 5020, 4940 , 4900, 4855 , 4 700, 4670 , 4560 , 4520.

Resistance levels for Nifty are 5060, 5090 , 5180 , 5550 , 6200.

Breakout Stocks of the day : ACC , Tata Steel.

Reading Glossary is recommended for better understanding of this column. -

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Nifty Today

Nishant Kalaskar — Wed, 18 Nov 2009 10:04:21 +0000

Wednesday Nifty Support near 5050. Resistance near 5075. Choppy day for market. Metal Stocks were strongest today. Global market trend was UP during Indian market hours.

Market has formed a Compressed Day. Expect 2 to 5 % move on Up or Downside.

- - Market Breadth : 1.00

Market Trends : Short term trend of market is Up. Medium term trend is Up. Medium term trend of market will turn Down if market closes bellow 4540 & 15330 for Nifty & Sensex respectively.

Support levels for Nifty are 5030 , 4940 , 4900, 4855 , 4 700, 4670 , 4560 , 4520.

Resistance levels for Nifty are 5060, 5090 , 5180 , 5550 , 6200.

Breakout Stocks of the day : IDFC , RIL.

Reading Glossary is recommended for better understanding of this column. -

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Market Today

Nishant Kalaskar — Fri, 13 Nov 2009 10:17:53 +0000

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 week.

- - Market Breadth : 1.60

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 above 4540 & 15330 for Nifty & Sensex respectively.

Support levels for Nifty are 4940 , 4900, 4855 , 4 700, 4670 , 4560 , 4520.

Resistance levels for Nifty are 5030, 5060 , 5090 , 5180 , 5550 , 6200.

Breakout Stocks of the day : ONGC, Maruti.

Reading Glossary is recommended for better understanding of this column. -

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Market Today

Nishant Kalaskar — Thu, 12 Nov 2009 10:20:36 +0000

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. Medium term trend of market will turn Down if market closes above 4540 & 15330 for Nifty & Sensex respectively.

Support levels for Nifty are 4940 , 4900, 4855 , 4 700, 4670 , 4560 , 4520.

Resistance levels for Nifty are 5030, 5060 , 5090 , 5180 , 5550 , 6200.

Breakout Stocks of the day : SBI , Praj Ind .

Reading Glossary is recommended for better understanding of this column. -

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Market Today

Nishant Kalaskar — Fri, 06 Nov 2009 10:16:21 +0000

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 high of 5180.

- - Market Breadth : 2.10

Market Trends : Short term trend of market is Up. Medium term trend is Down. Medium term trend of market will turn Up if market closes above 4855 & 16370 for Nifty & Sensex respectively.

Support levels for Nifty are 4 700, 4670 , 4560 , 4520 , 4480 , 4400 , 4360 , 3870.

Resistance levels for Nifty are 4850 , 4900 , 5180 , 5550 , 6200.

Breakout Stocks : FinTech , Mphasis.

Reading Glossary is recommended for better understanding of this column. -

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Market Today

Nishant Kalaskar — Thu, 05 Nov 2009 10:15:59 +0000

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

Market Trends : Short term trend of market is Up. Medium term trend is Down. Medium term trend of market will turn Up if market closes above 4855 & 16370 for Nifty & Sensex respectively.

Support levels for Nifty are 4 700, 4670 , 4560 , 4520 , 4480 , 4400 , 4360 , 3870.

Resistance levels for Nifty are 4850 , 4900 , 5180 , 5550 , 6200.

Breakout Stocks : Lupin , IFCI , Wockhardt, RInfra , RCap ,

Reading Glossary is recommended for better understanding of this column. -

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