Posts Tagged ‘nifty technical analysis’


Tuesday, July 27th, 2010

Nifty Technicals

Reading Glossary recommended for better understanding of this column. Nifty technicals.
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 [...]

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Thursday, July 8th, 2010

Nifty Today

www.trendstoday.in

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 [...]

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Friday, May 7th, 2010

Free Nifty Technicals

From 14 April 2010 we are saying the level of 5050 is possible on Nifty in  & now Nifty is trading there

Observations & Possibilities:

Global markets have given poor weekly closing with long term impact.
Closing above the  pink line in the chart may attract buyers & short covering.
The Intermediate trend remains DOWN with target of  4960 on NIfty.
Breaking [...]

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Thursday, January 28th, 2010

Nifty Technical Analysis

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 [...]

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Friday, January 22nd, 2010

Nifty Technical analysis

Friday Nifty opened with panic and then recovered from the day low. Bellow 518It tried to test 5180 level intraday but failed to sustain there. Intra day support for Nifty was  near 4950 & resistance near 5180.  IT stocks were the weakest for the day while FMCG stocks were strongest for the day. Global market [...]

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Tuesday, January 12th, 2010

Nifty Technical Analysis

Tuesday Nifty has broken important support of 5240 on closing basis . Intra day support for Nifty was  near 5200 & resistance near 5270.  IT  stocks were the strongest for the day while bank stocks were weaker than market. Global market trend was down during  Indian market hours.
Moderate chances of short term trend turning up. [...]

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