Posts Tagged ‘share trading’


Friday, February 5th, 2010

Nifty Technical Analysis

Friday ,Nifty joined the global bloodbath. It cracked the level of 4830 decisively today. Nifty established 4700 as intra day support. Intra day  resistance for Nifty was near 4740. Though there is  weakness in all sectors metal stocks were weakest for the day. Global market trend was down during  Indian stock market hours.
Observations:

All global markets including [...]

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Wednesday, January 20th, 2010

Market outlook

Nifty might start Intermediate downtrend. Closing bellow 5170 needed.
Wednesday Nifty opened with optimism but was unable to continue on upside. Intra day support for Nifty was  near 5220 & resistance near 5250.  Auto & Metal stocks were the strongest for the day while Public sector  stocks were weaker than market. Global market trend was down [...]

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Tuesday, January 19th, 2010

Nifty Technical Analysis

Tuesday Nifty was again unable to break the 5300 zone on upside but has broken the 5240 mark on downside. Intra day support for Nifty was  near 5220 & resistance near 5280.  Bank  stocks were the strongest for the day while IT  stocks were weaker than market. Global market trend was down during  Indian market [...]

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Friday, January 8th, 2010

Nifty Technical Analysis

Tuesday Nifty was  weak for the whole day . Intra day support for Nifty was  near 5240 & resistance near 5270. IT  stocks were the weakest for the day & Capital goods stocks were the strongest. Global market trend was up during  Indian market hours.
Pause in the uptrend. Bank Nifty has remained weaker than Nifty [...]

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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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Thursday, December 24th, 2009

Nifty Today

Thursday Nifty was trading in the zone of  resistance  5140-5190. It failed to close above 5180 & start Intermediate uptrend. Intra day support for Nifty was  near 5130. Auto  stocks were the strongest for the day. Global market trend was up during  Indian market hours. 
If  Nifty closes above 5180 then the probable targets will be [...]

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Monday, December 14th, 2009

Nifty Today

Friday Nifty intraday resistance near 5160. Support near 4990. Bank  stocks were the weakest while Auto stocks were stronger than market. Global market trend was up during  Indian market hours. 
 Short term trend is down now.
-                                                                                                                         -                                                                                                                                                                                                                              Market Breadth :  0.50
 Market Trends : Short  term trend of market is down.  Medium term trend is Up.  Medium term trend of market will turn Down if market closes bellow 5050 & [...]

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Wednesday, December 2nd, 2009

Nifty Today

Wednesday Nifty remained in a tight range of 5120-5150. FMCG stocks were the weakest while auto stoks were stronger than market. Global market trend was up but weak  during  Indian market hours. 
 A Compressed day formation.
-                                                                                                                         -                                                                                                                                                                                                                              Market Breadth :  2
 Market Trends : Short  term trend of market is down.  Medium term trend is Up.  Medium term trend of market will [...]

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Tuesday, December 1st, 2009

Nifty Today

Tuesday Nifty was positive througout the day. Intraday support near 5080. FMCG  stocks were the weakest despite of strong market. Global market trend was up during  Indian market hours. 
  Today’s closing  higest  in last one month. Most probably market will continue making new highs in coming days.
  -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth :  11
Market Trends : Short  term trend of market is up.  Medium term [...]

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Wednesday, November 25th, 2009

Nifty Today

Wednesday   Nifty intraday support 5100. Resistance near 5140.  FMCG stocks were stronger  than market  today . Global market trend was up  during  Indian market hours. 
Experts might use “RIL Bonus” as an opportunity unload RIL.
  -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth :  0.75
Market Trends : Short  term trend of market is Up.  Medium term trend is Up.  Medium term trend of market will turn Down if market closes bellow [...]

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