Trends Today » nifty index

Market Outlook for next week

Nishant Kalaskar — Fri, 08 Oct 2010 11:20:34 +0000

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Fresh short positions by traders seen in this week.
Overall it was it was a direction-less week after 5 weeks of strong uptrend. Now lets see if Nifty starts fresh intermediate downtrend or not. There are signs of heavy profit booking in CNX Midcap index.
Investors are safe as long as Nifty is trading above 5880.
Nifty’s short term trend is down. Nifty’s Intermediate trend is up.
Nifty RSI is indicating more downside to Nifty , lets see what happens.
Today 270 stocks were traded heavily. Out of them 168 stocks are in short term up trend and 102 stocks are in short term down trend.
Nifty up side Target : 6400, 7000.
Resistance for Nifty : 6170 , 6200, 6280, 6310, 6340.
Support for Nifty : 6115 , 6030 ,5980, 5860, 5790, 5680.
Breakout Stocks : S. Kumars , Rana Sugers
Global markets are direction less now.

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Market outlook for next week

Nishant Kalaskar — Fri, 17 Sep 2010 11:28:20 +0000

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Click to Enlarge Nifty Technicals

5850 key level for traders. Few stocks may face selling pressure on Monday.
Market outlook remains positive for investors as long as Nifty is trading above 5600.
Nifty’s short term trend is up. Nifty’s Intermediate trend is up.
Nifty RSI is suggesting caution for bulls.
Today 297 stocks were traded heavily. Out of them 184 stocks are in short term up trend and 113 stocks are in short term down trend.
Nifty up side Target : 6440, 7000.
Resistance for Nifty : 5900 , 5925 , 6030 , 6100 , 6170.
Support for Nifty : 5810 , 5790 , 5600 , 5550.
Most of the global markets are trading near their resistance levels. Short term downtrend possible across the globe.

Nishant Kalaskar

Reading Glossary strongly recommended for better understanding of this column.

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NSE Nifty Analysis

Nishant Kalaskar — Fri, 14 May 2010 12:14:38 +0000

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 in initiating fresh long term investment.(See the bearish stocks at the bottom.)

Market Technicals:

Market Breadth : 0.70

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

Intermediate trend of market will turn UP if market closes above 5210 for Nifty.

Support levels for Nifty are 5050, 4840 , 4680 , 4200 , 3500.

Resistance levels for Nifty are 5120 ,5200,5280 , 5340 , 5400, 5570 , 5740.

Bearish Stocks : Areva T&D , Educomp Solution , HOEC ,Ispat , Jayashri Tea , Century Enka , Provouge ,Reliance Capital , Sterlite Industries , Suzlon , WWIL ,

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Nifty Today

Nishant Kalaskar — Thu, 04 Mar 2010 10:48:02 +0000

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 of short term downtrend.
Intermediate uptrend have target of 5120 , 5400 levels. Nifty is trading just near 5120 so there are high chances of Nifty touching that level. 5400 is looking impossible at present , but anything can happen in intermediate uptrend , so be ready.
Important moving average lines are in the zone of 4920 to 4970.

Market Technicals:

Market Breadth : 1.80

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 are 5050 , 4950 , 4840 , 4800 ,4690 , 4650 , 4470, 4050 , 3300 .

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

Breakout Stocks of the day : LIC Hsg Fin. , Rcom

Swing Trading Call In Feb 2010( On 2 March 10)

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.

Nifty Technical Analysis

Nishant Kalaskar — Fri, 29 Jan 2010 10:38:23 +0000

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. Banks stocks were the strongest for the day, while metals stocks were weakest. Global market trend was direction-less during Indian stock market hours.

Observations:

High chances of short term uptrend.
Important support of 5000 level has been broken decisively on Nifty.
High Volatility seen in market.
The fall in Nifty from 19 Jan 2010 is the sharpest in last four months.
4650 important support for Nifty. Its 200 day average price of Nifty.

Market Technicals:

Market Breadth : 1.80

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

Intermediate trend of market will turn UP if market closes above 5290 & 17712 for Nifty & Sensex respectively.

Support levels for Nifty are 4840 , 4800 , 4730 , 4 690 , 4650 , 4050 , 3300 .

Resistance levels for Nifty are 4935 , 4985 , 5180 , 5130 ,5240 , 5330 , 5570.

Breakout Stocks of the day : Suzlon .

- Nishant Kalaskar.

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Nifty Technical Analysis

Nishant Kalaskar — Thu, 28 Jan 2010 10:20:03 +0000

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 was near 4930. Metal, Banks, Pharma stocks were the strongest for the day. Global market trend was up during Indian stock market hours.

Observations:

Moderate chances of short term uptrend.
Important support of 5000 level has been broken decisively on Nifty.
High Volatility seen in market.
The fall in Nifty from 19 Jan 2010 is the sharpest in last four months.
On 22 Jan 2010, Friday market has given Poor weekly closing with long term impact.

Market Technicals:

Market Breadth : 1.50

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

Intermediate trend of market will turn UP if market closes above 5290 & 17712 for Nifty & Sensex respectively.

Support levels for Nifty are 4840 , 4800 , 4730 , 4 690 , 4650 , 4050 , 3300 .

Resistance levels for Nifty are 4935 , 4985 , 5180 , 5130 ,5240 , 5330 , 5570.

Breakout Stocks of the day : Bharti Airtel , Axis Bank .

- Nishant Kalaskar.

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SUBSCRIBE Swing Trading Calls

We are holding Nifty 5200 Put Option & Nifty 5300 Put Option

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Nifty Today

Nishant Kalaskar — Tue, 22 Dec 2009 13:12:31 +0000

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 closing in last three months. Its warning to investors for protecting profit.

- -

Market Breadth : 2.90

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

Intermediate trend of market will turn up if market closes bellow 5183 & 17350 for Nifty & Sensex respectively.

Support levels for Nifty are 4900 , 4855 , 4800 , 4 700.

Resistance levels for Nifty are 4985 , 5020, 5180 , 5330 , 5550 , 5700, 6200

Breakout Stocks of the day : SAIL , NTPC .

Reading Glossary is recommended for better understanding of this column.

Nifty Today

Nishant Kalaskar — Mon, 21 Dec 2009 10:10:01 +0000

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 to investors for protecting profit. Also the intermediate downtrend has started gaining momentum in last two days.

- -

Market Breadth : 0.30

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

Intermediate trend of market will turn up if market closes bellow 5183 & 17350 for Nifty & Sensex respectively.

Support levels for Nifty are 4900 , 4855 , 4800 , 4 700.

Resistance levels for Nifty are 4985 , 5020, 5180 , 5330 , 5550 , 5700, 6200

Breakout Stocks of the day : Wockhardt .

Reading Glossary is recommended for better understanding of this column. -

Nifty Today

Nishant Kalaskar — Wed, 09 Dec 2009 08:43:52 +0000

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 & 16940 for Nifty & Sensex respectively.

Support levels for Nifty are 5070, 5020, 4900 , 4855 , 4 700.

Resistance levels for Nifty are 5180 , 5330 , 5550 , 5700, 6200

Breakout Stocks of the day : BHEL.

Reading Glossary is recommended for better understanding of this column. -

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Nifty Today

Nishant Kalaskar — Wed, 02 Dec 2009 10:56:01 +0000

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 turn Down if market closes bellow 4930 & 16630 for Nifty & Sensex respectively.

Support levels for Nifty are 5070 , 5020, 4900 , 4855 , 4 700.

Resistance levels for Nifty are 5180 , 5330 , 5550 , 5700, 6200

Breakout Stocks of the day : Dena Bank.

Reading Glossary is recommended for better understanding of this column. -

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