Posts Tagged ‘market breadth’


Friday, August 20th, 2010

Daily Nifty Analysis August 2010

Click to enlarge the free nifty chart

Expecting 3 to 5 % move in Nifty. 5700 & 5300 possible on Nifty in next week.
Sentiment will remains bullish as long as Nifty is holding 5470. Important hurdle 5600.
Market Breadth: 0.80
Nifty short term trend is up. Nifty Intermediate trend is  up.
***(No. of Stocks in short term up trend) – (No. of [...]

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Monday, August 9th, 2010

market trend today & RIL target price

Click to enlarge the free nifty eod chart.

2.45 pm: Nifty is on the verge of starting fresh intermediate downtrend.
2.45 pm: Its testing time for RIL investors. Important support for RIL 990. RIL’s  target price 900 , 750.
Market Breadth : 4.10
Market is in short term uptrend. Intermediate trend of market remains up.
(No. of Stocks in [...]

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Wednesday, August 4th, 2010

Nifty Technical Analysis

Breakout by Nifty today  from the 3 week old trading range.
Market Breadth : 1.00
Market is in short term uptrend. Intermediate trend of market remains up.
Nishant’s Oscillator indicating maximum upside of 5690 to Nifty in near term.
Nifty’s upside target is 5630. The red trendline (5560) shown in chart bellow  can act as resistance to nifty.
As written [...]

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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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Friday, January 29th, 2010

Nifty Technical Analysis

Friday Nifty opened with gap on downside and for next three hours there was negative sentiment in the market. Market made panic low at 4766 after the CRR news and then  there was sharp rise of 100 points in Nifty. Nifty intra day support was near 4780. Intra day  resistance for Nifty was near 4880. [...]

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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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Thursday, January 14th, 2010

Nifty Technical Analysis

Thursday Nifty has started a short term uptrend. Intra day support for Nifty was  near 52400 & resistance near 5270.  Oil & Gas  stocks were the strongest for the day while FMCG stocks were weaker than market. Global market trend was up during  Indian market hours.
Compressed bar formed on Nifty chart. Market to take decisive [...]

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