Trends Today » Free trading calls http://www.trendstoday.in JOIN Technical Analysis Course in Pune. Register NOW for FREE Nifty Technicals Email Thu, 09 Feb 2012 12:58:59 +0000 en hourly 1 http://wordpress.org/?v=3.1.1 NIFTY technicals http://www.trendstoday.in/2010/08/02/2106/ http://www.trendstoday.in/2010/08/02/2106/#comments Mon, 02 Aug 2010 10:23:30 +0000 Nishant Kalaskar http://www.trendstoday.in/?p=2106
  • 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)
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    • Nifty Chart

    ]]>     http://www.trendstoday.in/2010/08/02/2106/feed/ 0     Nifty Technical Analysis http://www.trendstoday.in/2010/02/17/nifty-technical-analysis-30/ http://www.trendstoday.in/2010/02/17/nifty-technical-analysis-30/#comments Wed, 17 Feb 2010 10:16:22 +0000 Nishant Kalaskar http://www.trendstoday.in/?p=917 Wednesday. Nifty had a strong opening with gap in the morning. Above 4910 Nifty faced selling and was moving sideways with very low bull power. Nifty established 4885 as intra day support. Intra day  resistance for Nifty was near 4930. Metal stocks were strongest for the day. Global market trend was up during  Indian stock market hours.

    Observations:

    • Institutional interest in investment will be confirmed on decisive closing of Nifty above 4980.
    • Moderate chances of Market  testing 4950 on Nifty , the level above which the intermediate trend will turn up.
    • 4500 zone on Nifty is an important target for this intermediate downtrend.

    Market Technicals:

    Market Breadth : 1.80

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

    Intermediate trend of market will turn UP if market closes above 4950 & 16553 for Nifty & Sensex respectively.

    Support levels for Nifty are4840 , 4800 ,4690 , 4650 , 4470, 4050 , 3300 .

    Resistance levels for Nifty are 4945 , 4985 ,5060, 5180 , 5130 ,5240 , 5330 , 5570.

    Breakout  Stocks of the day : Mundra Port.

    - Nishant Kalaskar.

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