Posts Tagged ‘medium term trend of stocks’


Tuesday, April 6th, 2010

Nifty Today

On 24 Feb We wrote 5400 is possible on Nifty & Today Nifty is standing there! NO Magic…Only Technicals!!!

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Observations & Possibilities:

Nifty near its target of 5400. A pause in uptrend.
5570-5600 levels are looking possible now.
On downside NIfty may test 5230. Failure to hold 5230 may take Nifty to 5070 & 5000.
Sharp moves possible [...]

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Monday, April 5th, 2010

Nifty Today

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Wednesday, March 31st, 2010

Nifty Today

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Friday, March 19th, 2010

Nifty Today

Observations:

Expecting 3 to 8 %  sharp move from currant level in coming days. There is  Possibility of 5550 on upside & 4950 on downside for Nifty.
Short term indicators are not supporting the upmove above 5120 , this can be considered as the warning to bulls.
Protect Gains. Protect Capital.

Market Technicals:
Market Breadth : 1.10
Market Trends : Short  [...]

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Wednesday, March 10th, 2010

Nifty Today

Wednesday Nifty  was again trading sideways near the 5120 level , a pause in uptrend.  Nifty established  5100 as intra day support. Oil & Gas stocks were strongest for the day. Global market trend was up during  Indian stock market hours.
Observations:

A compressed day is  formed on Nifty chart. Expecting 2 to 8% move in coming [...]

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Tuesday, March 9th, 2010

Nifty Today

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 [...]

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Tuesday, March 2nd, 2010

Nifty Today

SEE Swing Trading Calls In Feb 2010 at BOTTOM of this page.
Tuesday Nifty has closed above 4950. We saw a strong trending session. Nifty established  4980 as intra day support. Auto stocks were strongest. Global market trend was mix during  Indian stock market hours.
Observations:

Some stocks might face profit booking in coming days.
Fresh Intermediate up trend has [...]

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Tuesday, February 23rd, 2010

Nifty Today

Tuesday Nifty was trading in the intra day range of 4860 to 4880. It was a dull trading session. Nifty established  4840 as intra day support. Metal stocks were strongest & Auto stocks were weakest for the day. Global market trend was direction less  during  Indian stock market hours.
Observations:

In case if  Nifty closes above 4950 then that [...]

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Wednesday, February 10th, 2010

Nifty Technical Analysis

Wednesday. Nifty is facing sharper selling pressure near 4800. In last 3 days more than 5 times Nifty got hammered near 4800. Market may move sideways between 4680 & 4840 as a pause in downtrend. Nifty established 4740 , 4780 as intra day support. Intra day  resistance for Nifty was near 4800. Capital Goods  stocks were [...]

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Friday, February 5th, 2010

Nifty Technical Analysis

Friday ,Nifty joined the global bloodbath. It cracked the level of 4830 decisively today. Nifty established 4700 as intra day support. Intra day  resistance for Nifty was near 4740. Though there is  weakness in all sectors metal stocks were weakest for the day. Global market trend was down during  Indian stock market hours.
Observations:

All global markets including [...]

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