Posts Tagged ‘nifty outlook’


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 [...]

Read More »

Tags: , , , , ,
Posted in Daily Updates | Comments »


Monday, July 12th, 2010

Nifty technicals

NIFTY Outlook

Nifty has made a new yearly high in a stocks specific rally today. RIL is weaker than market.
Nifty may test 5300 level in next few days.
5465 & 5620 levels are possible targets for Nifty on upside.
The 5300 & 5350 are good support for Nifty.
Moderate to high risk in fresh long term ( 1 to [...]

Read More »

Tags: , ,
Posted in Daily Updates | Comments »


Wednesday, July 7th, 2010

Nifty Trendline

Nifty outlook

Nifty again near the important 5230 level. See the green trendline in chart.
The 5150 to 5230 zone on Nifty is full of support levels from different schools of thought.
Nifty remains in  downtrend with 5120 & 4950 levels as possible targets.
American Nasdaq , S&P 500 have broken important support levels, this is a sign of long term [...]

Read More »

Tags: , ,
Posted in Daily Updates | Comments »


Tuesday, July 6th, 2010

Nifty Technicals

NIFTY Outlook

Nifty may test 5340 in next few days. Lets see if it starts fresh intermediate uptrend or not.
Some stocks may resume the downtrend tomorrow. 5305 is important resistance to watch on Nifty tomorrow.
5120 & 4950 are two targets for currant nifty downtrend.
American Nasdaq , S&P 500 have broken important support levels, this is a [...]

Read More »

Tags: , , ,
Posted in Daily Updates | Comments »


Sunday, July 4th, 2010

Nifty Technicals

NIFTY Outlook

5230 is important support on Nifty. Closing bellow it might add fuel in the downtrend.
Nifty has given poor weekly closing.
American Nasdaq , S&P 500 have broken important support levels on Wednesday , this is a sigh of long term bearishness across the globe. Lets see if Nifty holds 4900 or not.
5120 & 4950 are [...]

Read More »

Tags: , , ,
Posted in Daily Updates | Comments »


Tuesday, June 29th, 2010

NIFTY Today

NIFTY Outlook

Green Trendline & 5260  is Broken by Nifty today.
Intermediate downtrend started for Nifty.
5120 or 4950 levels are targets for currant intermediate downtrend.
Moderate risk in fresh long term(1 to 3 years) investment.

Market Technicals
Market Breadth : 0.45
Market Trends : Short  term trend of market is down. Intermediate trend is DOWN.
Intermediate trend of market will turn UP if market [...]

Read More »

Tags: , , , , , ,
Posted in Daily Updates | Comments »


Thursday, February 25th, 2010

Nifty Today

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 [...]

Read More »

Tags: , , , ,
Posted in Daily Updates | Comments »


Friday, February 19th, 2010

Nifty Technicals

Friday. We saw Nifty’s emotional drama by wildly moving  up & down. As written on Thursday Nifty tested 4840 in the morning , it could not hold that level and went to test 4800. Then in the afternoon there was intraday rally up to 4980. Certainly there is change in the sentiment of the short [...]

Read More »

Tags: , , , , , , , , , , , , , , , , ,
Posted in Daily Updates | Comments »


Thursday, February 18th, 2010

Nifty Technicals

Thursday. Nifty is  losing bull power  near the important zone of 4920 to 4950. RIL was weaker than the market today. Nifty established 4885 as intra day support. Bank stocks were strongest for the day. Global market trend was down during  Indian stock market hours.
Observations:

Tomorrow Nifty may test 4840 on down side.
Important moving average lines [...]

Read More »

Tags: , , , , , , ,
Posted in Daily Updates | Comments »