Posts Tagged ‘intermidate trend’


Monday, March 15th, 2010

Market outlook

Monday Nifty  opened with gap on downside and was weak through out the day.  Nifty established  5100 as intra day support. Public Sector stocks were weakest for the day. Global market trend was down during  Indian stock market hours.
Observations:

Short term trend is down now. Protect Gains.
Expecting 2 to 8%  move in coming days.
5200 is important [...]

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Tuesday, March 2nd, 2010

Nifty Today

SEE Swing Trading Calls In Feb 2010 at BOTTOM of this page.
Tuesday Nifty has closed above 4950. We saw a strong trending session. Nifty established  4980 as intra day support. Auto stocks were strongest. Global market trend was mix during  Indian stock market hours.
Observations:

Some stocks might face profit booking in coming days.
Fresh Intermediate up trend has [...]

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Friday, February 26th, 2010

Nifty Today

Friday Nifty moved based on Budget 2010. We saw a strong trending session. Nifty established  4880 as intra day support. Auto stocks were strongest , while FMCG stocks were weakest for the day. Global market trend was up during  Indian stock market hours.
Observations:

Moderate chances of Nifty closing above 4950 , with doubtful institutional interest.
In case if [...]

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Wednesday, February 17th, 2010

Nifty Technical Analysis

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 [...]

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Tuesday, February 9th, 2010

Nifty Technicals

Tuesday Nifty faced selling pressure near 4800. Market may move sideways between 4680 & 4840 as a pause in downtrend. Nifty established 4740 , 4780 as intra day support. Intra day  resistance for Nifty was near 4800. IT  stocks were strongest for the day. Global market trend was up during  Indian stock market hours.
Observations:

RIL is relatively weaker [...]

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Wednesday, January 27th, 2010

Nifty Technical Analysis

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 [...]

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Wednesday, January 20th, 2010

Market outlook

Nifty might start Intermediate downtrend. Closing bellow 5170 needed.
Wednesday Nifty opened with optimism but was unable to continue on upside. Intra day support for Nifty was  near 5220 & resistance near 5250.  Auto & Metal stocks were the strongest for the day while Public sector  stocks were weaker than market. Global market trend was down [...]

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Tuesday, January 19th, 2010

Nifty Technical Analysis

Tuesday Nifty was again unable to break the 5300 zone on upside but has broken the 5240 mark on downside. Intra day support for Nifty was  near 5220 & resistance near 5280.  Bank  stocks were the strongest for the day while IT  stocks were weaker than market. Global market trend was down during  Indian market [...]

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Monday, January 18th, 2010

Nifty Technical Analysis

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 [...]

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Monday, January 11th, 2010

Nifty Technical Analysis

Monday Nifty was did not show any conviction to break 5300 despite of strong opening . Intra day support for Nifty was  near 5250 & resistance near 5290.  Auto  stocks were the strongest for the day. Global market trend was up during  Indian market hours.
Moderate chances of short term trend turning up.
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Market Breadth : 0.40
Market Trends [...]

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