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Nifty news letter

Nishant Kalaskar — Thu, 13 May 2010 12:52:07 +0000

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 risk in initiating fresh long term investment.

Market Technicals:

Market Breadth : 1.90

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

Intermediate trend of market will turn UP if market closes above 5210 for Nifty.

Support levels for Nifty are 5120 , 5050, 4840 , 4680 , 4200 , 3500.

Resistance levels for Nifty are 5200,5280 , 5340 , 5400, 5570 , 5740.

-Nishant Kalaskar.  (9881575125)

Nifty Today

Nishant Kalaskar — Tue, 09 Mar 2010 12:36:18 +0000

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 is overbought in short term. High chances of short term downtrend.
5200 is important resistance zone for Nifty.
5400 is looking impossible at present , but any upside is possible in intermediate uptrend , so be ready.

Market Technicals:

Market Breadth : -

Market Trends : Short term trend of market is up. Intermediate trend is UP.

Intermediate trend of market will turn DOWN if market closes bellow 4805 & 16075 for Nifty & Sensex respectively.

Support levels for Nifty are 5050 , 4950 , 4840 , 4800 ,4690 , 4650 , 4470, 4050 , 3300 .

Resistance levels for Nifty are 5120 , 5160 , 5195 , 5220 , 5240 , 5330 ,5400, 5570.

Breakout Stocks of the day : TTML

Nifty Technical Analysis

Nishant Kalaskar — Wed, 10 Feb 2010 12:08:15 +0000

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 weakest for the day. Global market trend was up during Indian stock market hours.

Observations:

RIL , Maruti , DLF are relatively weaker than Nifty.
4810-4840 zone on Nifty is very important resistance & may face heavy selling.
Intra day rallies might be used for loss booking by trapped bulls.
4500 zone on Nifty is an important target for this downtrend.
The fall in Nifty from 19 Jan 2010 is the sharpest in last four months.

Market Technicals:

Market Breadth : 0.90

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

Intermediate trend of market will turn UP if market closes above 4950 & 16553 for Nifty & Sensex respectively.

Support levels for Nifty are 4730 ,4690 , 4650 , 4470, 4050 , 3300 .

Resistance levels for Nifty are 4800 , 4840 ,4945 , 4985 , 5180 , 5130 ,5240 , 5330 , 5570.

Breakout Stocks of the day : M&M.

- Nishant Kalaskar.

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Nifty Technical Analysis

Nishant Kalaskar — Mon, 25 Jan 2010 16:02:53 +0000

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 hours.

Observations:

The fall in Nifty from 19 Jan 2010 is the sharpest in last four months.
Trend line support of 5000 broken for Nifty on weekly chart.
Last Friday market has given Poor weekly closing with long term impact.

Market Technicals:

Market Breadth : 0.57

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

Intermediate trend of market will turn UP if market closes above 5290 & 17712 for Nifty & Sensex respectively.

Support levels for Nifty 4985 ,4935 , 4840 , 4800 ,4730 , 4 690 , 4665 , 4050 , 3300 .

Resistance levels for Nifty are 5080 ,5180 , 5130 ,5240 , 5330 , 5570.

Breakout Stocks of the day : Bharti Airtel .

Reading Glossary is recommended for better understanding of this column.

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Nifty Technical Analysis

Nishant Kalaskar — Thu, 14 Jan 2010 10:17:30 +0000

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 move in coming days.

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Market Breadth : 1.05

Market Trends : Short term trend of market is up. Intermediate trend is UP.

Intermediate trend of market will turn DOWN if market closes bellow 5160 & 17323 for Nifty & Sensex respectively.

Support levels for Nifty 5180 , 5130 , 5080 , 4985 , 4800 , 4 700.

Resistance levels for Nifty are 5240 , 5330 , 5570 , 5630 , 5740,5825 , 5950 , 6200

Breakout Stocks of the day : ABB.

Reading Glossary is recommended for better understanding of this column.

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Nifty Technical Analysis

Nishant Kalaskar — Tue, 12 Jan 2010 10:05:44 +0000

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. Lets see what happens at 5160 on Nifty.

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Market Breadth : 0.20

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

Intermediate trend of market will turn DOWN if market closes bellow 5160 & 17323 for Nifty & Sensex respectively.

Support levels for Nifty 5180 , 5130 , 5080 , 4985 , 4800 , 4 700.

Resistance levels for Nifty are 5240 , 5330 , 5570 , 5630 , 5740,5825 , 5950 , 6200

Breakout Stocks of the day : Hindalco , ICICI Bank.

Reading Glossary is recommended for better understanding of this column.

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Nifty Technical Analysis

Nishant Kalaskar — Mon, 11 Jan 2010 10:02:21 +0000

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 : Short term trend of market is DOWN. Intermediate trend is UP.

Intermediate trend of market will turn DOWN if market closes bellow 5160 & 17323 for Nifty & Sensex respectively.

Support levels for Nifty 5240 , 5180 , 4985 , 4800 , 4 700.

Resistance levels for Nifty are 5330 , 5570 , 5630 , 5740,5825 , 5950 , 6200

Breakout Stocks of the day : BEL.

Reading Glossary is recommended for better understanding of this column.

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Nifty Technical Analysis

Nishant Kalaskar — Wed, 30 Dec 2009 10:19:16 +0000

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 of market is up. Intermediate trend is UP.

Intermediate trend of market will turn DOWN if market closes bellow 4943 & 16577 for Nifty & Sensex respectively.

Support levels for Nifty 4985 , 4800 , 4 700.

Resistance levels for Nifty are 5180, 5330 , 5570 , 5630 , 5740,5825 , 5950 , 6200

Breakout Stocks of the day : Cox & Kings , Jyoti Structure , Jindal Steel P.

Reading Glossary is recommended for better understanding of this column.

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Nifty Daily

Nishant Kalaskar — Tue, 29 Dec 2009 10:11:53 +0000

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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Market Breadth : 1

Market Trends : Short term trend of market is up. Intermediate trend is UP.

Intermediate trend of market will turn DOWN if market closes bellow 4943 & 16577 for Nifty & Sensex respectively.

Support levels for Nifty 5180 , 4985 , 4800 , 4 700.

Resistance levels for Nifty are 5330 , 5570 , 5630 , 5740,5825 , 5950 , 6200

Breakout Stocks of the day : Patni Comp , RPower.

Reading Glossary is recommended for better understanding of this column.

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Nifty Today

Nishant Kalaskar — Mon, 21 Dec 2009 10:10:01 +0000

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 to investors for protecting profit. Also the intermediate downtrend has started gaining momentum in last two days.

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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 bellow 5183 & 17350 for Nifty & Sensex respectively.

Support levels for Nifty are 4900 , 4855 , 4800 , 4 700.

Resistance levels for Nifty are 4985 , 5020, 5180 , 5330 , 5550 , 5700, 6200

Breakout Stocks of the day : Wockhardt .

Reading Glossary is recommended for better understanding of this column. -