Trends Today » free technical analysis

Nifty Technical Analysis

Nishant Kalaskar — Tue, 11 Jan 2011 14:22:33 +0000

Click to ENLARGE Nifty Chart.

Nifty has taken support in 5700 zone. Traders can watch 5810 as important resistance & 5700 as support on Nifty on Wednesday.

Moderate to high risk in initiating fresh long term investments.

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

Nifty Target : 5400 , 4950.

Resistance for Nifty : 5762, 5785, 5810, 5850 , 5880 , 5940 , 6000.

Support for Nifty : 5700, 5620 , 5570, 5500.

Bearish Breakout Stock : Bharti Shipyard.

Bank Nifty is in downtrend.

CNX IT is in downtrend.

CNX 500 index is in downtrend.

American S&P 500 Large Cap Index is in Intermediate up trend.

German Dax Composite Index is in intermediate down trend.

HangSeng Index is in intermediate up trend.

US Dollar Index is in uptrend.

Euro is in downtrend.

Crude Oil is in Intermediate downtrend.

Nishant Kalaskar.

9881575125

Nifty Technical Analysis

Nishant Kalaskar — Thu, 28 Jan 2010 10:20:03 +0000

Thursday Nifty opened with gap on upside and for next two hours the was positive sentiment in the market. But still Bears are having control over market and because of that market had sharp fall of 100 points in Nifty after testing 4930. Nifty intra day support was near 4960. Intra day resistance for Nifty was near 4930. Metal, Banks, Pharma stocks were the strongest for the day. Global market trend was up during Indian stock market hours.

Observations:

Moderate chances of short term uptrend.
Important support of 5000 level has been broken decisively on Nifty.
High Volatility seen in market.
The fall in Nifty from 19 Jan 2010 is the sharpest in last four months.
On 22 Jan 2010, Friday market has given Poor weekly closing with long term impact.

Market Technicals:

Market Breadth : 1.50

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

Intermediate trend of market will turn UP if market closes above 5290 & 17712 for Nifty & Sensex respectively.

Support levels for Nifty are 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 : Bharti Airtel , Axis Bank .

- Nishant Kalaskar.

- -

SUBSCRIBE Swing Trading Calls

We are holding Nifty 5200 Put Option & Nifty 5300 Put Option

from Wednesday , 20 Jan 10 morning till expiry.

Nifty Today

Nishant Kalaskar — Fri, 04 Dec 2009 10:24:03 +0000

Friday Nifty moved in a two day range of 5100 to 5180 . Market just not sustaing above 5140. Auto stocks were the weakest while pharmacy stocks were stronger than market. Global market trend was down during Indian market hours.

A cluster of three days trading range is formed on Nifty chart. Expect a decisive breakout soon. Two thoughts in the market :

Analysts anticipating Double Top pattern are recommending Exit.
Trend Followers holding long positions due to intact uptrend.

- - Market Breadth : 0.98

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 5070 , 5020, 4900 , 4855 , 4 700.

Resistance levels for Nifty are 5180 , 5330 , 5550 , 5700, 6200

Breakout Stocks of the day : Biocon.

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