Posts Tagged ‘medium term market trend sensex’


Wednesday, February 17th, 2010

Nifty Technical Analysis

Wednesday. Nifty had a strong opening with gap in the morning. Above 4910 Nifty faced selling and was moving sideways with very low bull power. Nifty established 4885 as intra day support. Intra day  resistance for Nifty was near 4930. Metal stocks were strongest for the day. Global market trend was up during  Indian stock 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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Monday, January 11th, 2010

Nifty Technical Analysis

Monday Nifty was did not show any conviction to break 5300 despite of strong opening . Intra day support for Nifty was  near 5250 & resistance near 5290.  Auto  stocks were the strongest for the day. Global market trend was up during  Indian market hours.
Moderate chances of short term trend turning up.
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Market Breadth : 0.40
Market Trends [...]

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Tuesday, December 29th, 2009

Nifty Daily

Tuesday Nifty was trading above the 5180 level  for the whole day. It has closed above 5180 & started  Intermediate uptrend. Intra day support for Nifty was  near 5180. Consumer Durable  stocks were the strongest for the day. Global market trend was up & weak during  Indian market hours.
A Compressed bar  formation on Nifty chart today. [...]

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Tuesday, December 22nd, 2009

Nifty Today

Monday Nifty was holding  intra day support of  4975 throughout the day. Surprisingly it has closed near the  resistance of 4985. Metal stocks were the strongest  while IT  stocks were the strongest for the day. Global market trend was up during  Indian market hours. 
Moderate chances of short term up trend.
On Friday Nifty had 4th Poor weekly [...]

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Monday, November 30th, 2009

Nifty Today

Monday Nifty Showed  strength in first half of the session & weakness in second half . Intraday resistance near 5060. Short term trend is up now. Metal stocks were the strongest today. Global market trend was directionless  during  Indian market hours. 
 Nifty moving  between  4920-5100 from last three weeks. Breakout from this range will start fresh trend .
  -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth :  6.80
Market Trends : Short  term trend [...]

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Wednesday, November 25th, 2009

Nifty Today

Wednesday   Nifty intraday support 5100. Resistance near 5140.  FMCG stocks were stronger  than market  today . Global market trend was up  during  Indian market hours. 
Experts might use “RIL Bonus” as an opportunity unload RIL.
  -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth :  0.75
Market Trends : Short  term trend of market is Up.  Medium term trend is Up.  Medium term trend of market will turn Down if market closes bellow [...]

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Tuesday, November 24th, 2009

Nifty Today

Tuesday   Nifty intraday support 5060. Resistance near 5110.  Auto stocks were stronger  than market  today while metal stocks were weakre. Global market trend was down  during  Indian market hours. 
Moderate chances of short term downtrend.
  -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth :  0.60
Market Trends : Short  term trend of market is Up.  Medium term trend is Up.  Medium term trend of market will turn Down if market closes bellow [...]

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Wednesday, November 18th, 2009

Nifty Today

Wednesday   Nifty Support near 5050.  Resistance near 5075. Choppy day for market. Metal Stocks were strongest today. Global market trend was UP during  Indian market hours. 
Market has formed a Compressed Day. Expect 2 to 5 % move on Up or Downside.
  -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth :  1.00  
Market Trends : Short  term trend of market is Up.  Medium term trend is Up.  Medium term trend of market [...]

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Friday, November 13th, 2009

Market Today

Thursday  market in range of   5010 & 4970 on from last two days. After breaking 4970 level on Nifty yestearday today it has returned back in that range.  support near 4920.  Auto Stocks were strongest today. .  Global market trend was directionless during Indian market hours. Indian market was the strongest today.
Strong weekly closing. Uptrend may lose steam if market fails to breakout towards 5180 on Nifty  in the next [...]

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