Posts Tagged ‘share market’


Thursday, May 13th, 2010

Nifty news letter

Observations & Possibilities:

Despite of global strength Nifty failed to start fresh uptrend today.
Intermediate trend of Nifty will turn UP if  it  closes above 5210.
The two red trend lines in the chart are acting as resistance for Nifty in 5190 to 5220 zone.
The Blue trend line resistance for Nifty: (5260 to 5290 zone)
On downside 4980 is the important level for Nifty.
Moderate [...]

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Tuesday, March 9th, 2010

Nifty Today

Tuesday Nifty was trading sideways near the 5120 level , a pause in uptrend.  Nifty established  5100 as intra day support. Metel stocks were weakest for the day. Global market trend was directionless during  Indian stock market hours.
Observations:

A compressed day is  formed on Nifty chart. Expect 2 to 8% move in coming days.
Market [...]

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Wednesday, February 10th, 2010

Nifty Technical Analysis

Wednesday. Nifty is facing sharper selling pressure near 4800. In last 3 days more than 5 times Nifty got hammered near 4800. Market may move sideways between 4680 & 4840 as a pause in downtrend. Nifty established 4740 , 4780 as intra day support. Intra day  resistance for Nifty was near 4800. Capital Goods  stocks were [...]

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Monday, January 25th, 2010

Nifty Technical Analysis

Monday Nifty managed to stay above the Friday low and now there are moderate chances of  short term uptrend. Intra day support for Nifty was  near 4980 & resistance near 5020.  Auto stocks were the weakest for the day while FMCG stocks were strongest for the day. Global market trend was down during  Indian market [...]

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Thursday, January 14th, 2010

Nifty Technical Analysis

Thursday Nifty has started a short term uptrend. Intra day support for Nifty was  near 52400 & resistance near 5270.  Oil & Gas  stocks were the strongest for the day while FMCG stocks were weaker than market. Global market trend was up during  Indian market hours.
Compressed bar formed on Nifty chart. Market to take decisive [...]

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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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Monday, January 11th, 2010

Nifty Technical Analysis

Monday Nifty was did not show any conviction to break 5300 despite of strong opening . Intra day support for Nifty was  near 5250 & resistance near 5290.  Auto  stocks were the strongest for the day. Global market trend was up during  Indian market hours.
Moderate chances of short term trend turning up.
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Market Breadth : 0.40
Market Trends [...]

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Wednesday, December 30th, 2009

Nifty Technical Analysis

Wednesday Nifty found its support near 5165. Intra day resistance  for Nifty was  near 5190. Consumer Durable  stocks were the strongest for the day while FMCG stocks were the weakest. Global market trend was down during  Indian market hours.
High chances of short term downtrend.  Nifty Volatility at 2009 low.
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Market Breadth : 0.60
Market Trends : Short  term trend [...]

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Tuesday, December 29th, 2009

Nifty Daily

Tuesday Nifty was trading above the 5180 level  for the whole day. It has closed above 5180 & started  Intermediate uptrend. Intra day support for Nifty was  near 5180. Consumer Durable  stocks were the strongest for the day. Global market trend was up & weak during  Indian market hours.
A Compressed bar  formation on Nifty chart today. [...]

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Monday, December 21st, 2009

Nifty Today

Monday Nifty was holding  intraday support of  4960 till 3 pm but later on cracked that level. Intraday resistance near 4990. Metal stocks were the weakest  while consumer durable   stocks were the strongest for the day . Global market trend was mix during  Indian market hours. 
Last week Nifty had 4th Poor weekly closing  in three months. Its warning [...]

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