Posts Tagged ‘nifty chart’


Tuesday, July 27th, 2010

Nifty Technicals

Reading Glossary recommended for better understanding of this column. Nifty technicals.
Thanks to www.freedighitalphotos.net for all images.

Lets see in which direction Nifty breaks the trading range shown by two blue dotted trend lines in the chart above ( 5350-5460).
Historically  Nifty has faced selling pressure whenever nishant’s oscillator has moved near 40 level. The same oscillator is indicating [...]

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Saturday, July 24th, 2010

NIFTY technicals

Reading Glossary recommended for better understanding of this column.

Nifty hit our first target of 5460. Second target , 5620 which is difficult but possible.
Historically  Nifty has faced selling pressure whenever nishant’s oscillator has moved near 40 level. Important support to watch on Nifty is  5400.
The red line of the channel  in the long term Nifty chart (shown [...]

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Friday, July 16th, 2010

Nifty outlook for next week

See Nifty chart at the end of this column.

Its time to stay highly alert , as the nifty’s trend reversal point has moved up to 5360 , also the weakening of uptrend is observed in last 3 days.
You can see Indicators are showing divergence with price in the chart . This indicates sharper down move in future. [...]

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Thursday, July 15th, 2010

Nifty Technicals

NIFTY Outlook

Long term Nifty chart at the end of this column.

A directionless day for Nifty today. Expecting  more than 2 to 5 % move in next few days. This brings 5600 & 5230 levels on Nifty  in picture. Its time to stay highly alert.
Sentiment will remain bullish as long as nifty is holding 5355.
5460 & [...]

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Wednesday, July 14th, 2010

Nifty Outlook

NIFTY Outlook
Long term Nifty chart at the end of this column.

Nifty missed our target of 5460 just by 7 points , it made hight of 5453 today.
Caution suggested for bulls.
Sentiment will remain bullish as long as nifty is holding 5355.
5460 & 5620 levels are possible targets for Nifty on Upside.
Moderate to hight risk [...]

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Thursday, June 10th, 2010

Market Watch

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 [...]

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Tuesday, May 11th, 2010

Share Market

Observations & Possibilities:

Today the short term trend has turned down again. The red line in first chart is acting as resistance.
5200 to 5230 zone is important supply zone on Nifty.
Intermediate trend remains DOWN. Intermediate trend of market will turn UP if  Nifty closes above 5290.
On downside 4960 is the most important level for Nifty.
Moderate risk in initiating [...]

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Friday, April 9th, 2010

Nifty Today

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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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