Trends Today » free technical calls

Market Technical Analysis

Nishant Kalaskar — Fri, 24 Sep 2010 11:37:16 +0000

Click to Enlarge

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.

MONEY NEVER SLEEPS

NIFTY technicals

Nishant Kalaskar — Mon, 02 Aug 2010 10:23:30 +0000

3 August 11.40 am: Nifty is trading near the resistance/upper end of the trading range(5360). See if it breaks up out or not.

9.30 pm : European Dax is trading at the important resistance of 6300. There is limited upside to European markets due to chances of profit booking/ profit protection.

Market Breadth : 5.80 Some stocks might face selling pressure today.

Market is in short term uptrend. Intermediate trend of market remains up.

Nifty is trading in the range of 5350-5460. See the two blue trend lines in the chart at the end of this column.

Nifty’s upside target is 5650 in next few weeks.

Watch RIL at 980-1000. It can create panic bellow 970 , as it 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.