Posts Tagged ‘market breadth’


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

Nifty Technical Analysis

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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Friday, January 8th, 2010

Nifty Technical Analysis

Tuesday Nifty was  weak for the whole day . Intra day support for Nifty was  near 5240 & resistance near 5270. IT  stocks were the weakest for the day & Capital goods stocks were the strongest. Global market trend was up during  Indian market hours.
Pause in the uptrend. Bank Nifty has remained weaker than Nifty [...]

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Friday, January 1st, 2010

Nifty Technical Analysis

Wednesday Nifty found its support near 5200. Intra day resistance  for Nifty was  near 5220. Capital Goods  stocks were the strongest for the day while FMCG stocks were the weakest. Global market trend was up during  Indian market hours.
Direction less week .  Nifty trading with very low volatility.
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Market Breadth : -
Market Trends : Short  term trend of market [...]

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Tuesday, December 15th, 2009

Nifty Today

Tuesday Nifty intraday resistance near 5120. Important support of 5070 broken today. Bank  stocks were the weakest . Global market trend was down during  Indian market hours. 
 Medium Term Downtrend started today.
-                                                                                                                         -                                                                                                                                                                                                                              Market Breadth :  0.30
 Market Trends : Short  term trend of market is down.  Medium term trend is DOWN.  Medium term trend of market will turn up if market closes bellow 5183 & 17350 for [...]

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Monday, December 14th, 2009

Nifty Today

Friday Nifty intraday resistance near 5160. Support near 4990. Bank  stocks were the weakest while Auto stocks were stronger than market. Global market trend was up during  Indian market hours. 
 Short term trend is down now.
-                                                                                                                         -                                                                                                                                                                                                                              Market Breadth :  0.50
 Market Trends : Short  term trend of market is down.  Medium term trend is Up.  Medium term trend of market will turn Down if market closes bellow 5050 & [...]

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