Posts Tagged ‘stock trend’


Monday, August 16th, 2010

market technical analysis

Click To Enlarge the NIFTY CHART

Watch 5400 on Nifty , Cracking that level might trigger fresh selling in market.
Market Breadth: 0.60
Nifty short term trend is down. Nifty Intermediate trend is  down.
(No. of Stocks in short term up trend) – (No. of stocks in short term down trend)= (129)-(95) =34. ( Condition:VOLUME > 5 Lacs)
Nifty Down side Target : [...]

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Wednesday, August 11th, 2010

market trend today & free nifty chart

Click To Enlarge the NIFTY CHART

Nifty short term trend down. Intermediate downtrend started for Nifty today.
Market Breadth: 0.60
RIL Target price : 900 & 750.
(No. of Stocks in short term up trend) – (No. of stocks in short term down trend)= (137)-(106)=31. ( Condition:VOLUME > 5 Lacs)
Nifty Down side Target : 5260 , 5120.
Resistance for Nifty : 5460 , 5490 [...]

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Tuesday, July 6th, 2010

Nifty Technicals

NIFTY Outlook

Nifty may test 5340 in next few days. Lets see if it starts fresh intermediate uptrend or not.
Some stocks may resume the downtrend tomorrow. 5305 is important resistance to watch on Nifty tomorrow.
5120 & 4950 are two targets for currant nifty downtrend.
American Nasdaq , S&P 500 have broken important support levels, this is a [...]

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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 3rd, 2010

Nifty Technical Analysis

Wednesday Nifty opened with gap on upside and went to test the important level of 4950 and failed to cross that. Short term trend of Nifty is up now. Nifty intra day support was near 4920. Intra day  resistance for Nifty was near 4950. FMCG  stocks were strongest for the day. Global market trend was UP [...]

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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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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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Friday, December 18th, 2009

Nifty Today

Thursday Nifty found intraday support near 5020. Intraday resistance near 5040. Banks  stocks were the weakest  while pharma stocks were the strongest for the day . Global market trend was mix during  Indian market hours. 
4th Poor weekly closing by market in last three months.
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Market Breadth : 0.40
Market Trends : Short  term trend of market [...]

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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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Thursday, November 26th, 2009

Nifty Today

Thursday Nifty failed to hold  intraday support of 5090 & then there was a crack. Short term trend of market  is down now. Global market trend was down  during  Indian market hours. 
As mentioned on 23 November “Fresh Buy Signal will fail if Nifty closes bellow 5050″ . Nifty closed at  5005 on 26 November resulting in a panic on Friday morning.
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