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Daily Nifty Analysis August 2010

Nishant Kalaskar — Fri, 20 Aug 2010 12:10:16 +0000

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 stocks in short term down trend)= (209)-(56) =153. ( Condition:VOLUME > 5 Lacs)
Nifty up side Target : 5580 , 5690.
Resistance for Nifty : 5570 , 5600
Support for Nifty : 5460 , 5400, 5350, 5320, 4980.
RIL Target price : 900 & 750.
Global markets are in intermediate downtrend.

Nishant Kalaskar

*** Volume above 500000 indicates heavily traded stocks. The total number of stocks having volume 500000 & more may vary. Short term is vary sensitive. Stock is either in Short term up trend or downtrend. The difference between them gives idea about the broad based short term trend in market.

Subscriber are holding long positions in

Hathway @ 210

TV18 @ 82

Engineers India Ltd. @ 332

OIL @ 1430.

Dabur @ 206.

market trend today & RIL target price

Nishant Kalaskar — Mon, 09 Aug 2010 11:48:03 +0000

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 short term up trend) – (No. of Stocks in short term down trend) = 180 – 73 = 107. So the money is with bulls. (Volume >500000 )

Nifty’s upside target is 5630. Nifty Resistance 5560.

Conservative bull’s stop : 5320

European markets will continue to see profit booking.

American Nasdaq Composite’s target : 2350 , Important support 2270.

Nishant Kalaskar (09881575125)

Nifty Technical Analysis

Nishant Kalaskar — Wed, 04 Aug 2010 11:40:51 +0000

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 On Monday European markets are under pressure due to profit booking now.
American Nasdaq Composite’s target : 2350.

Nishant Kalaskar (09881575125)

Market Watch

Nishant Kalaskar — Thu, 10 Jun 2010 11:51:08 +0000

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)

Nifty Technical Analysis

Nishant Kalaskar — Fri, 29 Jan 2010 10:38:23 +0000

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. Banks stocks were the strongest for the day, while metals stocks were weakest. Global market trend was direction-less during Indian stock market hours.

Observations:

High chances of short term uptrend.
Important support of 5000 level has been broken decisively on Nifty.
High Volatility seen in market.
The fall in Nifty from 19 Jan 2010 is the sharpest in last four months.
4650 important support for Nifty. Its 200 day average price of Nifty.

Market Technicals:

Market Breadth : 1.80

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 are 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 : Suzlon .

- Nishant Kalaskar.

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SUBSCRIBE Swing Trading Calls

We are holding Nifty 5200 Put Option & Nifty 5300 Put Option

from Wednesday , 20 Jan 10 morning till expiry.

Nifty Technical Analysis

Nishant Kalaskar — Wed, 27 Jan 2010 10:07:47 +0000

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 market trend was down during Indian market hours.

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.

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SUBSCRIBE Swing Trading Calls

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

Market outlook

Nishant Kalaskar — Wed, 20 Jan 2010 10:17:14 +0000

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 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.

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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!

Nifty Technical Analysis

Nishant Kalaskar — Tue, 19 Jan 2010 11:09:28 +0000

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 hours.

Short term trend of Nifty is down now.

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

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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.

Reading Glossary is recommended for better understanding of this column.

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Nifty Technical Analysis

Nishant Kalaskar — Mon, 18 Jan 2010 13:36:57 +0000

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 on weekly charts.

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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 5160 & 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 : MRPL.

Reading Glossary is recommended for better understanding of this column.

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Nifty Technical Analysis

Nishant Kalaskar — Thu, 14 Jan 2010 10:17:30 +0000

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 move in coming days.

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Market Breadth : 1.05

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

Intermediate trend of market will turn DOWN if market closes bellow 5160 & 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 : ABB.

Reading Glossary is recommended for better understanding of this column.

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