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SEE Nifty Chart is at the end of this column. Nifty might remain range bound between 5820- 6020 for next few days. Breaking 5820 might take Nifty to its target of 5700. Traders can watch 5900-5920 range as intraday resistance on Nifty tomorrow. Lets see what happens. Nifty is near the trendline support of 5800. [...]
Click To ENLARGE Free Nifty Technicals 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 [...]
Click To Enlarge Nifty Chart. Nifty is on the verge of starting fresh intermediate downtrend. Important trend line support is broken by Nifty today. See blue trend line in Nifty chart above. Some stocks may recover on Monday if Nifty holds 5390. 5300 possible on Nifty in next few days. Market Breadth: 0.15 Nifty short [...]
Click to enlarge the free nifty chart High chances of short term uptrend. Expect Breakout from the five week old Nifty trading range . Watch 5370 & 5470 for breakout. Market Breadth: 1.00 Nifty short term trend is down. Nifty Intermediate trend is down. (No. of Stocks in short term up trend) – (No. of stocks in short [...]
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 [...]
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Reading Glossary recommended for better understanding of this column. Long term nifty Chart is at the end of this column. Nifty remains in the trading range of 5350-5460. See blue dotted trendlines showing the range in the chart bellow.
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 [...]
NIFTY Outlook American index Nasdaq , S&P 500 have broken important support levels on Wednesday , signs of long term bearishness. Despite of Wednesday’s sharp recovery Nifty remains in Intermediate downtrend. 5300 is important support & 5340 important resistance for Nifty on Thursday. 5120 or 4950 levels are targets for currant intermediate downtrend. Moderate risk [...]
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 [...]
NIFTY Outlook: Some stocks might face selling pressure near 5360 level on Nifty tomorrow. 5260 or the green trend line is important support on 29 June 2010. Failure to hold 5260 may take Nifty to 5200 , 5110 or 4950 levels. 5400 targets for Nifty’s intermediate uptrend. Moderate risk in fresh long term(1 to 3 [...]