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 started today.
• Intermediate uptrend  have target of  5120 , 5400 levels.
• Important moving average lines are  in the zone of 4920 to 4970.

Market Technicals:

Market Breadth : 4.00

Market Trends : Short  term trend of market is up. Intermediate trend is UP.

Intermediate trend of market will turn DOWN if market closes bellow 4805 & 16075 for Nifty & Sensex respectively.

Support levels for Nifty are4985, 4950 ,  4840 , 4800 ,4690 , 4650 , 4470, 4050 , 3300 .

Resistance levels for Nifty are 5060 , 5120 , 5180 , 5240 , 5330 ,5400,  5570.

Breakout  Stocks of the day : Bharti Airtel.

Swing Trading Call In Feb 2010:

ACC Bought @ 865 & Sold @ 916 in just 5 Days.

Adani Ent. Bought @ 468 & Sold @ 510 in just 7 Days.

Ambuja Cement Bought @ 100 & Sold @ 108 in just 7 Days.

Axis Bank Bought @ 1067  & Still Holding.

BEL Bought @ 2070 @ sold @ 2030. Loss 40/- or 2 %.

Bharat Forge @ 255 & sold @ 245. Loss 10/- or 4%.

BHEL @ 2332 & Sold @ 2349/-

Cairn @ 160 & Sold @ 272/-

Cipla @ 321 & sold @ 311/- Loss 10/- or 3%.

Corp. Bank bought @  446 & Sold @ 432. Loss 14/- or 3%.

HCL Tech Bought @ 340 & Sold @ 365.

Hindalco Bought @ 145. Still Holding.

Idea bought @ 58. Still Holding.

L&T Bought @ 1460 & Still Holding.

Maruti Suziki Bought @ 1380 & sold @ 1340. Loss 40/- or 3%

Maruti Suziki Bought @ 1365 &  Still Holding.

Tata Motors Bought @ 710 & still Holding.

Thursday Nifty was trading in the intra day range of 4840 to 4865. One more dull trading session. Nifty established  4840 as intra day support. Pharma stocks were weakest for the day. Global market trend was down during  Indian stock market hours.

Observations:

• Two compressed days  are  formed on Nifty Chart. Expecting 2 to 8 % move in coming days.
• In case if  Nifty closes above 4950 then that intermediate uptrend will have target of  5120 , 5400 levels.
• Important moving average lines are acting as resistance in the zone of 4920 to 4970.
• 4500 , 4260 zone on Nifty are  important target levels  for this intermediate downtrend.

Market Technicals:

Market Breadth : -

Market Trends : Short  term trend of market is down. Intermediate trend is DOWN.

Intermediate trend of market will turn UP if market closes above 4950 & 16553 for Nifty & Sensex respectively.

Support levels for Nifty are 4840 , 4800 ,4690 , 4650 , 4470, 4050 , 3300 .

Resistance levels for Nifty are 4950 , 4985 ,5060, 5180 , 5130 ,5240 , 5330 , 5570.

Breakout  Stocks of the day : L&T

SWING Trading Calls to Enter before BREAKOUT!!!

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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 as intra day support. Consumer Durable stocks & Reality stocks were weakest for the day. Global market trend was direction less  during  Indian stock market hours.

Observations:

• Important moving average lines are acting as resistance in the zone of 4920 to 4970.
• Moderate chances of Market  testing 4950 on Nifty , the level above which the intermediate trend will turn up.
• 4500 zone on Nifty is an important target for this intermediate downtrend.

Market Technicals:

Market Breadth : 0.450

Market Trends : Short  term trend of market is down. Intermediate trend is DOWN.

Intermediate trend of market will turn UP if market closes above 4950 & 16553 for Nifty & Sensex respectively.

Support levels for Nifty are 4840 , 4800 ,4690 , 4650 , 4470, 4050 , 3300 .

Resistance levels for Nifty are 4950 , 4985 ,5060, 5180 , 5130 ,5240 , 5330 , 5570.

Breakout  Stocks of the day : Idea.