Posts Tagged ‘market breadth analysis’


Thursday, June 10th, 2010

Market Watch

Observations & Possibilities:

Inverted Head & Shoulder formed on Nifty chart.
Nifty remains in uptrend as long as its  holding 4960.
5190 & 5400 levels are two targets for Nifty’s intermediate uptrend.
Any rally is a better exit opportunity for investors. Moderate risk in fresh long term investment.

Market Technicals
Market Breadth : 4.70
Market Trends : Short  term trend of market is up. Intermediate trend is [...]

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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 9th, 2010

Nifty Today

Tuesday Nifty was trading sideways near the 5120 level , a pause in uptrend.  Nifty established  5100 as intra day support. Metel stocks were weakest for the day. Global market trend was directionless during  Indian stock market hours.
Observations:

A compressed day is  formed on Nifty chart. Expect 2 to 8% move in coming days.
Market [...]

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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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Monday, February 22nd, 2010

Nifty Today

Monday Nifty opened with optimism & a gap of about 60 points but again sellers were dominant near 4920 level. It resulted in a fall from that level to 4850. Certainly there is change in the sentiment of the short term bulls who enjoied the rally from 4670 to 4930. Nifty established 4890 , 4850 [...]

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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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Friday, January 22nd, 2010

Nifty Technical analysis

Friday Nifty opened with panic and then recovered from the day low. Bellow 518It tried to test 5180 level intraday but failed to sustain there. Intra day support for Nifty was  near 4950 & resistance near 5180.  IT stocks were the weakest for the day while FMCG stocks were strongest for the day. Global market [...]

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Thursday, January 21st, 2010

Nifty Technical Analysis

Thursday Nifty was holding 5200 level in the morning but could not hold it for long. Bellow 5180 there was free fall in Nifty till 5085. Intra day support for Nifty was  near 5180 & resistance near 5200.  Capital Goods stocks were the weakest for the day. Global market trend was down during  Indian market [...]

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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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