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 in fresh long term (1 to 3 years) investment.

Market Technicals

Market Breadth: 0.70

Nifty Trends : Short term trend is up. Intermediate trend is  UP.

Nifty Trend Reversal Point : 5225

Nifty Support levels are 5355 , 5300 , 5280 , 5250 , 5180 , 5150

Nifty Resistance levels are 5400 , 5460 , 5530 , 5650.

Nishant Kalaskar.

• 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 3 years) investment.

Market Technicals

Market Breadth :  1.20

Nifty Trends : Short term trend is up. Intermediate trend is Up.

Nifty Trend Reversal Point : 5225

Nifty Support levels are 5300 , 5280,  5250, 5180, 5150

Nifty Resistance levels are  , 5330 , 5400 , 5470 , 5530 , 5650.

Nishant Kalaskar (9881575125)

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 bearishness across the globe. In 2010 Nifty held 4800 level thrice but in future there are moderate chances of Nifty not holding that famous support zone.
• Moderate to high risk in fresh long term ( 1 to 3 years) investment.

Market Technicals

Market Breadth : 0.40

Nifty Trends : Short term trend is down. Intermediate trend is DOWN.

Nifty Trend Reversal Point : 5340

Nifty Support levels are 5230, 5180, 5150 , 5120 , 4950.

Nifty Resistance levels are 5280 , 5330 , 5400.

Nishant Kalaskar (9881575125)

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 sign of long term bearishness across the globe. In 2010 Nifty held 4800 level thrice but in future there are moderate chances of Nifty not holding that famous support zone.
• Moderate to high risk in fresh long term ( 1 to 3 years) investment.

Market Technicals

Market Breadth : 2.70

Nifty Trends : Short term trend is up. Intermediate trend is DOWN.

Nifty Trend Reversal Point : 5340

Nifty Support levels are 5280, 5200 , 5120, 5050, 5025, 4960, 4840, 4680, 4620, 4200, 3500.

Nifty Resistance levels are 5340, 5400, 5700.

-Nishant Kalaskar(9881575125)

• 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 two targets for currant nifty downtrend.
• Moderate to high risk in fresh long term ( 1 to 3 years) investment.

Market Technicals

Market Breadth : 0.50

Nifty Trends : Short term trend is down. Intermediate trend is DOWN.

Nifty Trend Reversal Point : 5370

Nifty Support levels are 5200 , 5120, 5050, 5025, 4960, 4840, 4680, 4620, 4200, 3500.

Nifty Resistance levels are 5280, 5340, 5400, 5700.

-Nishant Kalaskar(9881575125)

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 closes bellow 5370 for Nifty.

Support levels for Nifty are    5200 , 5125 ,5050, 5025 , 4960 , 4840, 4680 , 4620 , 4200 , 3500.

Resistance levels for Nifty are 5280 ,5340 , 5400 , 5700.

-Nishant Kalaskar.(9881575125)

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

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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 term bulls who enjoied the rally from 4670 to 4930. Nifty established 4800 as intra day support. Metal stocks & Reality stocks were weakest for the day. Global market trend was down during  Indian stock market hours.

Observations:

• On Monday Nifty may test 4800 , 4770 on down side.
• This week Nifty failed to sustain above 4920.
• Important moving average lines are acting as resistance in the zone of 4920 to 4980.
• 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 : 0.30

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 : RCap , HDIL.

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Observations:

• Tomorrow Nifty may test 4840 on down side.
• Important moving average lines are acting as resistance in the zone of 4920 to 4980.
• Institutional interest in investment will be confirmed on decisive closing of Nifty above 4980.
• 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 : 0.40

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 are4840 , 4800 ,4690 , 4650 , 4470, 4050 , 3300 .

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

Breakout  Stocks of the day : RIL , Unitech.

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