Reading Glossary is highly recommended for better understanding of this Column.

• This week Nifty has given poor weekly closing after long period.  On Monday market may test 6070 level on Nifty.

• Breakout bellow 5930 might create panic in market. So 5930 is exceptionally important level in next few days.

• Nifty’s short term trend is down. Nifty’s Intermediate trend is down.

• Today 260 stocks were traded heavily. Out of them 73  stocks are in short term up trend and 187 stocks are in short term down trend.

• Nifty Target :  5920 , 5700.

• Resistance for Nifty : 6115 ,6180 , 6200, 6280, 6310, 6340.

• Support for Nifty :  6030 ,5980, 5860, 5790, 5680.

• Bearish Breakout stocks : RIIL , Kotak Bank , JP Asso , Tata Chemical ,  Balaji Tele. , Max India , KPIT Cummins , Indiabulls Sec. , Godrej Ind. ,

• Global markets trend is down.

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• Breakout by Nifty Today.
• Expecting  6400 on Nifty within short time span.
• Investors are safe as long as Nifty is trading above 5880.
• Nifty’s short term trend is up. Nifty’s Intermediate trend is up.
• Nifty RSI suggesting strict profit protection for bulls.
• Today 248 stocks were traded heavily.Out of them 162 stocks are in  short term up trend and 86 stocks are in short term down trend.
• Nifty up side Target :  6400, 7000.
• Resistance for Nifty : 6170 , 6200, 6280, 6310, 6340.
• Support for Nifty : 5980, 5860, 5760, 5660.
• Global markets are in up trend.

Nishant Kalaskar.

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Nishant Kalaskar.

Niftychnicals

• Expecting profit booking from traders in some of the stocks on Monday. Bulls need to crush 6040 and Bears need to crush 5930 on Nifty to take fresh charge of market.
• Market outlook  remains positive for investors as long as Nifty is trading above 5750.
• Nifty’s short term trend is up. Nifty’s Intermediate trend is up.
• Today 259 stocks were traded heavily. Out of them 141 stocks are in short term up trend and 118 stocks are in short term down trend.
• Nifty up side Target :  6440, 7000.
• Resistance for Nifty :  5970, 6030 , 6100 , 6170.
• Support for Nifty :   5910, 5870, 5780, 5750, 5700,5600.
• With Friday’s strong up move global trend has turned up once again .

Nishant Kalaskar

Reading Glossary strongly recommended for better understanding of this column.

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• 5850 key level for traders. Few stocks may face selling pressure on Monday.
• Market outlook  remains positive for investors as long as Nifty is trading above 5600.
• Nifty’s short term trend is up. Nifty’s Intermediate trend is up.
• Nifty RSI is  suggesting caution for bulls.
• Today  297 stocks were traded heavily. Out of them 184 stocks are in short term up trend and 113 stocks are in short term down trend.
• Nifty up side Target :  6440, 7000.
• Resistance for Nifty :  5900 , 5925 , 6030 , 6100 , 6170.
• Support for Nifty :  5810 , 5790 , 5600 , 5550.
• Most of the global markets are trading near their resistance levels. Short term downtrend possible across the globe.

Nishant Kalaskar

Reading Glossary strongly recommended for better understanding of this column.

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• Watch 5430 ,very important support on Nifty on Monday. Breaking it may trigger fresh short positions in market.
• Nifty remains in the tight trading range of 5350-5450. See in the nifty chart above.
• Watch RIL at 980-1000. Failure to hold that may create panic in Market.
• Market Breadth : 0.60
• Market is in short term uptrend. Intermediate trend of market remains up.
• (No. of Scrips in short term up trend) – (No. of Scrips in short term down trend) = 158 – 97 = 61. So the money is with bulls. (Volume  >500000 )
• Nifty’s upside target is 5630. Nifty Resistance 5560.
• European markets might come  under selling pressure now.
• American Nasdaq Composite’s  target : 2350 , Important support 2270.

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Observations & Possibilities:

• Nifty has broken the important level of 5230. The Intermediate trend is DOWN now.
• Breaking 4960 may take Nifty to 4200 in few months.
• On Friday Nifty has given a  poor weekly closing with evidence of  profit booking by investors.
• Volatility has returned  with  intermediate downtrend.
• Closing above 5400 will bring 5570-5600 in picture.
• Higher risk in initiating  fresh long term investment.

Market Technicals:

Market Breadth : 0.50

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

Intermediate trend of market will turn UP if market closes above 5375 for Nifty.

Support levels for Nifty are  5040 , 4960 4200 , 3500.

Resistance levels for Nifty are 5230 ,5300 ,5400,  5570 , 5740.

-Nishant Kalaskar.  (9881575125)

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Observations & Possibilities:

• Nifty has given a  poor weekly closing with evidence of  profit booking by investors on weekly chart
• Failure to hold 5230 (the blue line in chart) mark on Nifty  may take it to  5130 & 5040 on downside.
• Volatility has returned  with threat to intermediate uptrend.
• Closing above 5400 will bring 5570-5600 in picture.
• Higher risk in initiating  fresh long term investment.

Market Technicals:

Market Breadth : 0.30

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

Intermediate trend of market will turn DOWN if market closes bellow 5230 & 17340 for Nifty & Sensex respectively.

Support levels for Nifty are  5230 ,5040 , 4960.

Resistance levels for Nifty are 5300 ,5400,  5570 , 5740.

-Nishant Kalaskar.  (9881575125)

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Observations & Possibilities:

• Volatility has returned  with threat to intermediate uptrend.
• On downside Nifty may test 5230, the level bellow which intermediate trend will turn down.
• Failure to hold 5230 mark on Nifty  may take it to  5030 & 5040 on downside.
• Closing above 5400 will bring 5570-5600 in picture.
• Higher risk in initiating  fresh long term investment.

Market Technicals:

Market Breadth : 0.50

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

Intermediate trend of market will turn DOWN if market closes bellow 5230 & 17340 for Nifty & Sensex respectively.

Support levels for Nifty are  5230 ,5040 , 4960.

Resistance levels for Nifty are 5300 ,5400,  5570 , 5740.

-Nishant Kalaskar.  (9881575125)

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Observations & Possibilities:

• Banks & Auto stocks are weaker than market.
• Moderate chances of short term uptrend.
• On downside Nifty may test 5230, the level bellow which intermediate trend will turn down. Failure to hold 5230 makes 5080 & 5000 possible on downside.
• Closing above 5400 will bring 5570-5600 in picture.
• Higher risk in initiating  fresh long term investment.

Market Technicals:

Market Breadth : 0.60

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

Intermediate trend of market will turn DOWN if market closes bellow 5200 & 17340 for Nifty & Sensex respectively.

Support levels for Nifty are 5300 , 5230 .

Resistance levels for Nifty are  5400,  5570 , 5740.

-Nishant Kalaskar.  (9881575125)