Posts Tagged ‘nifty resistance’


Monday, August 30th, 2010

Market Today

Click To ENLARGE Nifty Chart Free Nifty Technicals

Nifty is on the verge of starting fresh intermediate downtrend.
5370 is important support level for Nifty & exit trigger for investors. Watch 5470.
Market Breadth: 1.50
Nifty short term trend is down. Nifty Intermediate trend is up.
***(No. of Stocks in short term up trend) – (No. of stocks in short [...]

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Wednesday, August 11th, 2010

market trend today & free nifty chart

Click To Enlarge the NIFTY CHART

Nifty short term trend down. Intermediate downtrend started for Nifty today.
Market Breadth: 0.60
RIL Target price : 900 & 750.
(No. of Stocks in short term up trend) – (No. of stocks in short term down trend)= (137)-(106)=31. ( Condition:VOLUME > 5 Lacs)
Nifty Down side Target : 5260 , 5120.
Resistance for Nifty : 5460 , 5490 [...]

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Monday, August 9th, 2010

market trend today & RIL target price

Click to enlarge the free nifty eod chart.

2.45 pm: Nifty is on the verge of starting fresh intermediate downtrend.
2.45 pm: Its testing time for RIL investors. Important support for RIL 990. RIL’s  target price 900 , 750.
Market Breadth : 4.10
Market is in short term uptrend. Intermediate trend of market remains up.
(No. of Stocks in [...]

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Friday, August 6th, 2010

nifty technicals & NIfty Bhavishya

Click to enlarge the free nifty eod chart.

Watch 5430 ,very important support on Nifty on Monday. Breaking it may trigger fresh short positions in market.
Nifty remains in the tight trading range of 5350-5450. See in the nifty chart above.
Watch RIL at 980-1000. Failure to hold that may create panic in Market.
Market Breadth : 0.60
Market [...]

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Thursday, August 5th, 2010

Nifty Today

Click to Enlarge the Chart

2.05 pm , 6 Aug 10 : Sharp selling in German Dax.
8.10 am , 6 Aug 10 : Global Trend is weak and down at present. Watch 5430.
Nifty is back in the range of (5350-5450). Chances of yesterday’s  breakout failure are there now.
Some stocks may recover on Friday only if Nifty [...]

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Monday, August 2nd, 2010

NIFTY technicals

3 August 11.40 am: Nifty is trading near the resistance/upper end of the trading range(5360). See if it breaks up out or not.
9.30 pm : European Dax is trading at the important resistance of  6300. There is limited upside to European markets due to chances of profit booking/ profit protection.
Market Breadth : 5.80 Some stocks might face [...]

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Monday, July 26th, 2010

nifty technicals

Reading Glossary recommended for better understanding of this column.

Lets wait and see in which direction Nifty breaks the trading range shown by two blue dotted trend lines( 5350-5460).
Historically  Nifty has faced selling pressure whenever nishant’s oscillator has moved near 40 level , the same oscillator is not supporting the Nifty’s up move above 5380. This is warning alarm [...]

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Thursday, July 15th, 2010

Nifty Technicals

NIFTY Outlook

Long term Nifty chart at the end of this column.

A directionless day for Nifty today. Expecting  more than 2 to 5 % move in next few days. This brings 5600 & 5230 levels on Nifty  in picture. Its time to stay highly alert.
Sentiment will remain bullish as long as nifty is holding 5355.
5460 & [...]

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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 [...]

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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 [...]

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