Posts Tagged ‘Stock market bubble’


Monday, January 18th, 2010

Nifty Technical Analysis

Monday Nifty was unable to break the 5300 zone on upside. Intra day support for Nifty was  near 5260 & resistance near 5280.  Bank  stocks were the strongest for the day while pharma  stocks were weaker than market. Global market trend was down during  Indian market hours.
Long term indicators not supporting the  Nifty’s up move [...]

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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 9th, 2009

Nifty Today

Thursday Nifty intraday resistance near 5140. Support near 4990. Consumer durables stocks were the weakest while Capital goods stocks were stronger than market. Global market trend was directionless & weak during  Indian market hours. 
Trend extreamly weak.
-                                                                                                                         -                                                                                                                                                                                                                              Market Breadth :  1.90
 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 5050 [...]

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Monday, November 30th, 2009

Nifty Today

Monday Nifty Showed  strength in first half of the session & weakness in second half . Intraday resistance near 5060. Short term trend is up now. Metal stocks were the strongest today. Global market trend was directionless  during  Indian market hours. 
 Nifty moving  between  4920-5100 from last three weeks. Breakout from this range will start fresh trend .
  -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth :  6.80
Market Trends : Short  term trend [...]

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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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Tuesday, November 24th, 2009

Nifty Today

Tuesday   Nifty intraday support 5060. Resistance near 5110.  Auto stocks were stronger  than market  today while metal stocks were weakre. Global market trend was down  during  Indian market hours. 
Moderate chances of short term downtrend.
  -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth :  0.60
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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Monday, November 23rd, 2009

Nifty Today

Friday   Nifty intraday support 5090. Resistance near 5110.  RIL was stronger  than market  today. Global market trend was UP  during  Indian market hours. 
 Fresh buy signal by Nifty. Signal will prove  to be wrong on Nifty closing bellow 5050.
  -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth :  1.2
Market Trends : Short  term trend of market is Up.  Medium term trend is Up.  Medium term trend of market [...]

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Friday, November 13th, 2009

Market Today

Thursday  market in range of   5010 & 4970 on from last two days. After breaking 4970 level on Nifty yestearday today it has returned back in that range.  support near 4920.  Auto Stocks were strongest today. .  Global market trend was directionless during Indian market hours. Indian market was the strongest today.
Strong weekly closing. Uptrend may lose steam if market fails to breakout towards 5180 on Nifty  in the next [...]

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Wednesday, November 11th, 2009

Market Today

Wednesday  market was fueled by RIL ’s up move . Nifty support near 4860.  IT Stocks were strongest today.  Global market trend was up during Indian market hours. 
Some stocks may see profit booking by investors.
  -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth :  15.40  
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 above 4540 [...]

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Thursday, November 5th, 2009

Market Today

Thursday  market was directionless between 4600 & 4670 till 1.30 pm. Short term trend was down intraday but with the sharp up move it seems the market has decided to test 4855 on Nifty. Support 4670 on NIfty.  High volatility. Global market trend was  down during Indian market hours. Indian market was the strongest one today.
 4850 Target for Pullback rally. 
 -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth : 5.60  
Market Trends : [...]

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