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 UP.

Intermediate trend of market will turn DOWN if market closes bellow 4960 for Nifty.

Support levels for Nifty are  5050, 5025 , 4960 , 4840, 4680 , 4620 , 4200 , 3500.

Resistance levels for Nifty are  5125 , 5200, 5280 ,  5340 , 5400.

-Nishant Kalaskar.(9881575125)

Observations:

• Short term trend is down now. Protect Gains.
• Expecting 2 to 8%  move in coming days.
• 5200 is important resistance zone for Nifty.
• 5400 is looking impossible at present , but any upside  is possible in intermediate uptrend , so be ready.

Market Technicals:

Market Breadth : 0.90

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

Intermediate trend of market will turn DOWN if market closes bellow 5092 & 17030 for Nifty & Sensex respectively.

Support levels for Nifty are 5120,5075, 4950 ,  4840 , 4800 ,4690 , 4650 , 4470, 4050 , 3300 .

Resistance levels for Nifty are 5160 , 5195  , 5220 , 5240 , 5330 ,5400,  5570.

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 is overbought in short term. High chances of short term downtrend.
• 5200 is important resistance zone for Nifty.
• 5400 is looking impossible at present , but any upside  is possible in intermediate uptrend , so be ready.

Market Technicals:

Market Breadth : -

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

Intermediate trend of market will turn DOWN if market closes bellow 4805 & 16075 for Nifty & Sensex respectively.

Support levels for Nifty are  5050 , 4950 ,  4840 , 4800 ,4690 , 4650 , 4470, 4050 , 3300 .

Resistance levels for Nifty are 5120 , 5160 , 5195  , 5220 , 5240 , 5330 ,5400,  5570.

Breakout  Stocks of the day : TTML

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  Nifty closes above 4950 then that intermediate uptrend will have target of  5120 , 5400 levels.
• Important moving average lines are acting as resistance in the zone of 4920 to 4970.
• 4500 , 4260 zone on Nifty are  important target levels  for this intermediate downtrend.

Market Technicals:

Market Breadth : 3.00

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 are 4840 , 4800 ,4690 , 4650 , 4470, 4050 , 3300 .

Resistance levels for Nifty are 4950 , 4985 ,5060, 5180 , 5120 ,5240 , 5330 ,5400,  5570.

Breakout  Stocks of the day : RCap.

Swing Trading Call In Feb 2010:

ACC Bought @ 865 & Sold @ 916 in just 5 Days.

Adani Ent. Bought @ 468 & Sold @ 510 in just 7 Days.

Ambuja Cement Bought @ 100 & Sold @ 108 in just 7 Days.

Axis Bank Bought @ 1067  & Still Holding.

BEL Bought @ 2070 @ sold @ 2030. Loss 40/- or 2 %.

Bharat Forge @ 255 & sold @ 245. Loss 10/- or 4%.

BHEL @ 2332 & Sold @ 2349/-

Cairn @ 160 & Sold @ 272/-

Cipla @ 321 & sold @ 311/- Loss 10/- or 3%.

Corp. Bank bought @  446 & Sold @ 432. Loss 14/- or 3%.

HCL Tech Bought @ 340 & Sold @ 365.

Hindalco Bought @ 145. Still Holding.

Idea bought @ 58. Still Holding.

L&T Bought @ 1460 & Still Holding.

Maruti Suziki Bought @ 1380 & sold @ 1340. Loss 40/- or 3%

Maruti Suziki Bought @ 1365 &  Still Holding.

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 as intra day support. Consumer Durable stocks & Reality stocks were weakest for the day. Global market trend was direction less  during  Indian stock market hours.

Observations:

• Important moving average lines are acting as resistance in the zone of 4920 to 4970.
• 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 : 0.450

Market Trends : Short  term trend of market is down. 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 are 4840 , 4800 ,4690 , 4650 , 4470, 4050 , 3300 .

Resistance levels for Nifty are 4950 , 4985 ,5060, 5180 , 5130 ,5240 , 5330 , 5570.

Breakout  Stocks of the day : Idea.

Observations:

• Important support of 5000 level is broken decisively on Nifty today.  There is threat of bear market.
• Today’s Volatility highest in last one month.
• The fall  in Nifty from 19  Jan 2010 is the sharpest in last four months.
• Last Friday market has given Poor weekly closing with long term impact.

Market Technicals:

Market Breadth : 0.05

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   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 : SBI , Tata Steel , Ibulls Real .

- Nishant Kalaskar.

-                                                                                                                                 -

SUBSCRIBE Swing Trading Calls

We are holding Nifty 5200 Put  Option & Nifty 5300 Put Option from Wednesday ,  20 Jan 10 morning!

Observations:

• This Friday market has given Poor weekly closing with long term impact.
• The uptrend  in Nifty from  November 09  has  lost the steam  as  compared to the rise in Nifty  till November 2009.
• Trendline support near 5000 for Nifty on weekly chart.
• Protecting 75 % of total profit is the best strategy for investors.

Market Technicals:

Market Breadth : 0.07

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  4985 ,4935 , 4840 ,  4800 ,4730 ,  4 690 , 4665 , 4050 , 3300 .

Resistance levels for Nifty are 5080 ,5180 , 5130 ,5240 , 5330 , 5570.

Breakout  Stocks of the day : L&T .

Reading Glossary is recommended for better understanding of this column.

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SUBSCRIBE Swing Trading Calls

Subscribers are holding Nifty 5200 Put  Option & Nifty 5300 Put Option from Wednesday ,  20 Jan 10 morning!

With decisive Closing bellow 5170  Nifty has  started fresh Intermediate downtrend.

Long term indicators are not supporting the  Nifty’s up move  from September 09 on weekly charts. Good support near 5000 for Nifty on weekly chart. Protecting 75 % of total profit is the best strategy for investors. Avoid large positions in mid cap & small cap stocks.

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Market Breadth : 0.07

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 5080 , 4985 , 4800 , 4 700.

Resistance levels for Nifty are 5180 , 5130 ,5240 , 5330 , 5570 , 5630 ,  5740,5825 , 5950 , 6200

Breakout  Stocks of the day : L&T .

Reading Glossary is recommended for better understanding of this column.

-                                                                                                                                 -

SUBSCRIBE Swing Trading Calls

Subscribers are holding Nifty 5200 Put  Option & Nifty 5300 Put Option from Wednesday ,  20 Jan 10 morning!

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 during  Indian market hours.

Long term indicators not supporting the  Nifty’s up move  from September 09 on weekly charts. Good support near 5000 for Nifty on weekly chart.

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Market Breadth : 0.70

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

Intermediate trend of market will turn DOWN if market closes bellow 5170 & 17323 for Nifty & Sensex respectively.

Support levels for Nifty 5180 , 5130 , 5080 , 4985 , 4800 , 4 700.

Resistance levels for Nifty are 5240 , 5330 , 5570 , 5630 ,  5740,5825 , 5950 , 6200

Breakout  Stocks of the day : BPCL .Bajaj Auto.

Reading Glossary is recommended for better understanding of this column.

-                                                                                                                                 -

SUBSCRIBE Swing Trading Calls

Subscribers are holding Nifty 5200 Put  Option & Nifty 5300 Put Option from Wednesday ,  20 Jan 10 morning!

Short term trend of Nifty is down now.

Long term indicators not supporting the  Nifty’s up move on weekly charts.

-                                                                                                                         -

Market Breadth : 0.70

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

Intermediate trend of market will turn DOWN if market closes bellow 5170 & 17323 for Nifty & Sensex respectively.

Support levels for Nifty 5180 , 5130 , 5080 , 4985 , 4800 , 4 700.

Resistance levels for Nifty are 5240 , 5330 , 5570 , 5630 ,  5740,5825 , 5950 , 6200

Breakout  Stocks of the day : BPCL.

Reading Glossary is recommended for better understanding of this column.

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