Posts Tagged ‘nifty index’


Friday, May 14th, 2010

NSE Nifty Analysis

Reading Glossary is recommended for better understanding of this column
Observations & Possibilities:

Market has resumed its Intermediate downtrend.
4850 & 4620 levels are possible on downside for Nifty .
Market has given poor weekly closing.
Intermediate trend of Nifty will turn UP if  it  closes above 5210.
The  red trend line in the chart is important supply zone.
Moderate risk [...]

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Thursday, March 4th, 2010

Nifty Today

Swing Trading Calls In Feb 2010 at the BOTTOM of this page.
Thursday Nifty opened with gap n could not cross the 5990 level throughout the session. Nifty established  5050 as intra day support. Metal stocks were strongest for the day. Global market trend was down during  Indian stock market hours.
Observations:

Considerable selling in global markets today.
Moderate chances [...]

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Friday, January 29th, 2010

Nifty Technical Analysis

Friday Nifty opened with gap on downside and for next three hours there was negative sentiment in the market. Market made panic low at 4766 after the CRR news and then  there was sharp rise of 100 points in Nifty. Nifty intra day support was near 4780. Intra day  resistance for Nifty was near 4880. [...]

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Thursday, January 28th, 2010

Nifty Technical Analysis

Thursday Nifty opened with gap on upside and for next two hours the was positive sentiment in the market. But still Bears are having  control over market and because of that market had sharp fall of 100 points in Nifty after testing 4930. Nifty intra day support was near 4960. Intra day  resistance for Nifty [...]

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Tuesday, December 22nd, 2009

Nifty Today

Monday Nifty was holding  intra day support of  4975 throughout the day. Surprisingly it has closed near the  resistance of 4985. Metal stocks were the strongest  while IT  stocks were the strongest for the day. Global market trend was up during  Indian market hours. 
Moderate chances of short term up trend.
On Friday Nifty had 4th Poor weekly [...]

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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 warning [...]

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Wednesday, December 9th, 2009

Nifty Today

Thursday Nifty intraday resistance near 5140. Support near 4990. Consumer durables stocks were the weakest while Capital goods stocks were stronger than market. Global market trend was directionless & weak during  Indian market hours. 
Trend extreamly weak.
-                                                                                                                         -                                                                                                                                                                                                                              Market Breadth :  1.90
 Market Trends : Short  term trend of market is up.  Medium term trend is Up.  Medium term trend of market will turn Down if market closes bellow 5050 [...]

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Wednesday, December 2nd, 2009

Nifty Today

Wednesday Nifty remained in a tight range of 5120-5150. FMCG stocks were the weakest while auto stoks were stronger than market. Global market trend was up but weak  during  Indian market hours. 
 A Compressed day formation.
-                                                                                                                         -                                                                                                                                                                                                                              Market Breadth :  2
 Market Trends : Short  term trend of market is down.  Medium term trend is Up.  Medium term trend of market will [...]

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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 : Short  term trend [...]

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Thursday, November 26th, 2009

Nifty Today

Thursday Nifty failed to hold  intraday support of 5090 & then there was a crack. Short term trend of market  is down now. Global market trend was down  during  Indian market hours. 
As mentioned on 23 November “Fresh Buy Signal will fail if Nifty closes bellow 5050″ . Nifty closed at  5005 on 26 November resulting in a panic on Friday morning.
  -                                                                                                                         -                                                                                                                                                                                                                                [...]

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