Nishant Kalaskar.

Niftychnicals

• Expecting profit booking from traders in some of the stocks on Monday. Bulls need to crush 6040 and Bears need to crush 5930 on Nifty to take fresh charge of market.
• Market outlook  remains positive for investors as long as Nifty is trading above 5750.
• Nifty’s short term trend is up. Nifty’s Intermediate trend is up.
• Today 259 stocks were traded heavily. Out of them 141 stocks are in short term up trend and 118 stocks are in short term down trend.
• Nifty up side Target :  6440, 7000.
• Resistance for Nifty :  5970, 6030 , 6100 , 6170.
• Support for Nifty :   5910, 5870, 5780, 5750, 5700,5600.
• With Friday’s strong up move global trend has turned up once again .

Nishant Kalaskar

Reading Glossary strongly recommended for better understanding of this column.

MONEY NEVER SLEEPS

Fre

• 5850 key level for traders. Few stocks may face selling pressure on Monday.
• Market outlook  remains positive for investors as long as Nifty is trading above 5600.
• Nifty’s short term trend is up. Nifty’s Intermediate trend is up.
• Nifty RSI is  suggesting caution for bulls.
• Today  297 stocks were traded heavily. Out of them 184 stocks are in short term up trend and 113 stocks are in short term down trend.
• Nifty up side Target :  6440, 7000.
• Resistance for Nifty :  5900 , 5925 , 6030 , 6100 , 6170.
• Support for Nifty :  5810 , 5790 , 5600 , 5550.
• Most of the global markets are trading near their resistance levels. Short term downtrend possible across the globe.

Nishant Kalaskar

Reading Glossary strongly recommended for better understanding of this column.

stock broker india

• Nifty hit upside target of 5580  today.
• Watch 5560 on Nifty tomorrow , expecting profit booking in few stocks  if Nifty starts trading bellow it. Also watch the red trend line resistance for Nifty in the chart shown above.
• Market Breadth: 6.20
• Nifty short term trend is up. NiftyIntermediate trend is up.
• Nifty RSI is  near the previous trend line resistance shown in the Nifty chart above.
• ***(No. of Stocks in short term up trend) – (No. of stocks in short term down trend)= (223)-(19) =204. (Condition:VOLUME > 5 Lacs)
• Nifty up side Target : 5690.
• Resistance for Nifty :   5570 , 5600.
• Support for Nifty :  5490, 5520 ,5450 ,5400, 5350, 5320, 5160, 5000.
• Global markets are in intermediate up trend.

Nishant Kalaskar

*** Reading Glossary strongly recommended for better understanding of this column.

stock broker india

• 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 term down trend)= (61)-(144) =-83. ( Condition:VOLUME > 5 Lacs)
• Nifty up side Target : 5580 , 5690.
• Resistance for Nifty :5450 ,  5490, 5520 ,  5570 , 5600
• Support for Nifty :  5400, 5350, 5320, 5160, 5000.
• RIL Target price : 900 & 750.
• Global markets are in intermediate downtrend.

Nishant Kalaskar

*** Reading Glossary strongly recommended for better understanding of this column.

Subscribers positions

Nifty 5300 Put Option @ 56.

Nifty 5400 Put Option @ 95.

Power Grid @ 108.

Engineers India Ltd. @ 332

Lupin @ 374.

The way up and the way down are the one and the same: Plato

• Nifty hit our first target of 5460. Second target , 5620 which is difficult but possible.
• Historically  Nifty has faced selling pressure whenever nishant’s oscillator has moved near 40 level. Important support to watch on Nifty is  5400.
• The red line of the channel  in the long term Nifty chart (shown at the end of this column) or 5530 level may act as supply zone if Nifty continues marching upwards.
• For bulls profit protection will be the first priority if Nifty starts trading above 5500. Protecting 70% of total profit is one of the best strategy in traders world.
• Moderate to hight risk in fresh long term (1 to 3 years) investment.

Market Technicals

Market Breadth: 0.60

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

Nifty Trend Reversal Point : 5350

Nifty Support levels are 5400 , 5355 , 5300 , 5280 , 5250 , 5180 , 5150

Nifty Resistance levels are 5460 , 5530 , 5650.

Nishant Kalaskar

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

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 4960 may take Nifty to  4680 & 4200 in few months.
• Intermediate trend of market will turn UP if  Nifty closes above 5280.
• Moderate risk in initiating  fresh long term investment.

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 5280 for Nifty.

Support levels for Nifty are 4960 ,4840 , 4680 , 4200 , 3500.

Resistance levels for Nifty are 5050, 5200, 5340 , 5400,  5570 , 5740.

-Nishant Kalaskar.  (9881575125)

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Observations & Possibilities:

• RIL , Infy are weaker than market , strength in them may turn short term trend of market up.
• TheIntermediate trend is DOWN now with target of 5040 & 4960 on NIfty.
• Breaking 4960 may take Nifty to 4200 in few months.
• Volatility has returned  with intermediate downtrend.
• Closing above 5400 will bring 5570-5600 in picture.
• Higher risk in initiating  fresh long term investment.

Market Technicals:

Market Breadth : 2.0

Market Trends : Short  term trend of market is down. Intermediate trend is DOWN.

Intermediate trend of market will turn UP if market closes above 5375 for Nifty.

Support levels for Nifty are 5040 , 4960 4200 , 3500.

Resistance levels for Nifty are 5230 ,5300 ,5400,  5570 , 5740.

-Nishant Kalaskar.  (9881575125)

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Observations & Possibilities:

• Nifty has broken the important level of 5230. The Intermediate trend is DOWN now.
• Breaking 4960 may take Nifty to 4200 in few months.
• On Friday Nifty has given a  poor weekly closing with evidence of  profit booking by investors.
• Volatility has returned  with  intermediate downtrend.
• Closing above 5400 will bring 5570-5600 in picture.
• Higher risk in initiating  fresh long term 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 above 5375 for Nifty.

Support levels for Nifty are  5040 , 4960 4200 , 3500.

Resistance levels for Nifty are 5230 ,5300 ,5400,  5570 , 5740.

-Nishant Kalaskar.  (9881575125)