Market  Technicals

Nifty support & nifty resistance at the end of the column.

Nifty technicals

Nifty remains in a trading range of 5350 – 5460. See the nifty trendlines in the chart. Indian market breadth bearish.

Thanks to www.freedighitalphotos.net for all images.

• Lets see in which direction Nifty breaks the trading range shown by two blue dotted trend lines in the chart above ( 5350-5460).
• Historically  Nifty has faced selling pressure whenever nishant’s oscillator has moved near 40 level. The same oscillator is indicating fresh bullishness in market only if Nifty close above 5520 in next few days.
• The red trend line of the channel  in the long term Nifty chart (shown at the end of this column) or 5550 level may act as supply zone if Nifty continues marching upwards.
• Moderate to hight risk in fresh long term (1 to 3 years) investment.

Market Technicals

N

Nishant Kalaskar

• 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 for bulls.
• The red trend line of the channel  in the long term Nifty chart (shown at the end of this column) or 5550 level may act as supply zone if Nifty continues marching upwards.
• Moderate to hight risk in fresh long term (1 to 3 years) investment.

Market Technicals

N

Nishant Kalaskar

Nasdaq Composite’s possible target 2350. See chart bellow.

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 & 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: 0.90

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 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 outlook

• 5295 & 5245 are important levels to watch on Nifty tomorrow ( Friday).
• In last 3 weeks Nifty has tested & failed to sustain above 5300 level more than eight times.
• In last 3 weeks Nifty tried to break 5230 level four times but bounced back.
• Nifty remains in  downtrend with 5120 & 4950 levels as possible targets.
• The 5150 to 5230 zone on Nifty is full of support levels with respect to traders comfort levels.
• Global markets are indicating long term bearishness in future. 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 :  3.00

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

Nifty Trend Reversal Point : 5340

Nifty Support levels are 5280,  5230, 5180, 5150 , 5120 , 4950.

Nifty Resistance levels are  , 5330 , 5400.

Nishant Kalaskar (9881575125)

NIFTY Outlook for July 2010

• Chances of  decisive move of 2 to 5 % by Nifty in next 2 days. It seems today was the last day of dull downtrend.
• 5230 & 5280 are important levels to watch on  Nifty in next few days.
• 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.
• 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 : 0.60

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

Nifty Trend Reversal Point : 5340

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)

• 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

• 5230 is important support on Nifty. Closing bellow it might add fuel in the downtrend.
• Nifty has given poor weekly closing.
• American indices  Nasdaq , S&P 500 have broken important support levels on Wednesday, signs of long term bearishness across the globe. Now there are moderate chances of Nifty not holding 4800 – 4900 range in future.
• 5300 important resistance  for Nifty on upside.
• 5120 or 4950 levels are targets for currant intermediate downtrend.
• Moderate to high risk in fresh long term(1 to 3 years) investment.

Market Technicals

Market Breadth : 0.50

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)

NIFTY Outlook

• 5230 is important support on Nifty. Closing bellow it may add fuel in the downtrend.
• American indices  Nasdaq , S&P 500 have broken important support levels on Wednesday , signs of long term bearishness across the globe.
• Bears are showing dominance above 5300 on Nifty.
• 5320 important resistance  for Nifty on Friday.
• 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 : -

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)