Posts Tagged ‘medium term trend’


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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Friday, February 26th, 2010

Nifty Today

Friday Nifty moved based on Budget 2010. We saw a strong trending session. Nifty established  4880 as intra day support. Auto stocks were strongest , while FMCG stocks were weakest for the day. Global market trend was up during  Indian stock market hours.
Observations:

Moderate chances of Nifty closing above 4950 , with doubtful institutional interest.
In case if [...]

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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 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, February 15th, 2010

Nifty Technical Analysis

Monday. Nifty failed to sustain above 4840. As written on Thursday many stocks faced selling pressure throughout the day.  Nifty established 4790 as intra day support. Intra day  resistance for Nifty was near 4840. IT stocks were strongest for the day. Global market trend was direction less  & weak during  Indian stock market hours.
Observations:

The weak  recovery [...]

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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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Tuesday, February 9th, 2010

Nifty Technical Analysis

Tuesday Nifty faced selling pressure 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. IT  stocks were strongest for the day. Global market trend was up during  Indian stock market hours.
Observations:

RIL is relatively weaker [...]

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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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