Posts Tagged ‘medium trend of stocks’


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. [...]

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Monday, February 22nd, 2010

Nifty Today

Monday Nifty opened with optimism & a gap of about 60 points but again sellers were dominant near 4920 level. It resulted in a fall from that level to 4850. Certainly there is change in the sentiment of the short term bulls who enjoied the rally from 4670 to 4930. Nifty established 4890 , 4850 [...]

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Monday, February 8th, 2010

Nifty Technical Analysis

Monday ,Nifty witnessed short covering bellow 4700 . Nifty established 4700 as intra day support. Intra day  resistance for Nifty was near 4800. IT  stocks were strongest for the day. Global market trend was mix during  Indian stock market hours. Observations: All global markets including Indian market are in strong downtrend. (ADX(14) >30). Investors should protect their capital. [...]

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Monday, February 1st, 2010

Nifty Technical Analysis

Monday Nifty opened with gap on downside and was holding 4800 level in the morning then it had weak rally up to 4920. Short term trend of Nifty is up now. Nifty intra day support was near 4820. Intra day  resistance for Nifty was near 4920.  Consumer Durable stocks were the strongest for the day, [...]

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Friday, January 15th, 2010

Nifty Technical Analysis

Friday Nifty has given another directionless day. Intra day support for Nifty was  near 5250 & resistance near 5270.  Public Sector  stocks were the strongest for the day while Oil & Gas  stocks were weaker than market. Global market trend was down during  Indian market hours. Overall Lackluster Week. In peace prepare for war , [...]

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Tuesday, January 12th, 2010

Nifty Technical Analysis

Tuesday Nifty has broken important support of 5240 on closing basis . Intra day support for Nifty was  near 5200 & resistance near 5270.  IT  stocks were the strongest for the day while bank stocks were weaker than market. Global market trend was down during  Indian market hours. Moderate chances of short term trend turning [...]

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Wednesday, December 30th, 2009

Nifty Technical Analysis

Wednesday Nifty found its support near 5165. Intra day resistance  for Nifty was  near 5190. Consumer Durable  stocks were the strongest for the day while FMCG stocks were the weakest. Global market trend was down during  Indian market hours. High chances of short term downtrend.  Nifty Volatility at 2009 low. -                                                                                                                         – Market Breadth : 0.60 Market Trends [...]

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Thursday, December 24th, 2009

Nifty Today

Thursday Nifty was trading in the zone of  resistance  5140-5190. It failed to close above 5180 & start Intermediate uptrend. Intra day support for Nifty was  near 5130. Auto  stocks were the strongest for the day. Global market trend was up during  Indian market hours.  If  Nifty closes above 5180 then the probable targets will be [...]

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Monday, December 21st, 2009

Nifty Today

Monday Nifty was holding  intraday support of  4960 till 3 pm but later on cracked that level. Intraday resistance near 4990. Metal stocks were the weakest  while consumer durable   stocks were the strongest for the day . Global market trend was mix during  Indian market hours.  Last week Nifty had 4th Poor weekly closing  in three months. Its [...]

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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 : [...]

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