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Nifty Technicals

Nishant Kalaskar — Tue, 06 Jul 2010 12:00:30 +0000

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 sign of long term bearishness across the globe. In 2010 Nifty held 4800 level thrice but in future there are moderate chances of Nifty not holding that famous support zone.
Moderate to high risk in fresh long term ( 1 to 3 years) investment.

Market Technicals

Market Breadth : 2.70

Nifty Trends : Short term trend is up. Intermediate trend is DOWN.

Nifty Trend Reversal Point : 5340

Support levels for Nifty are 5200 , 5125 ,5050, 5025 , 4960 , 4840, 4680 , 4620 , 4200 , 3500.

Resistance levels for Nifty are 5280 ,5340 , 5400 , 5700.

Nifty Support levels are 5280, 5200 , 5120, 5050, 5025, 4960, 4840, 4680, 4620, 4200, 3500.

Nifty Resistance levels are 5340, 5400, 5700.

-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, 03 Feb 2010 10:58:11 +0000

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 during Indian stock market hours.

Observations:

Market is Overbought in short term. Some stocks may face selling pressure tomorrow.
Nifty may test 50EMA which is 5050. Decisive closing above it is indication of institutional interest.
Important support of 5000 level has been broken decisively on Nifty.
The fall in Nifty from 19 Jan 2010 is the sharpest in last four months.
4650 important support for Nifty. Its 200 day average price of Nifty.

Market Technicals:

Market Breadth : 6.60

Market Trends : Short term trend of market is up. 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 are 4840 , 4800 , 4730 , 4 690 , 4650 , 4470, 4050 , 3300 .

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

Breakout Stocks of the day : HDFC .

- Nishant Kalaskar.

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Nifty Technical Analysis

Nishant Kalaskar — Mon, 18 Jan 2010 13:36:57 +0000

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 on weekly charts.

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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 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 : MRPL.

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 Today

Nishant Kalaskar — Fri, 18 Dec 2009 10:26:18 +0000

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 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 4985 , 4900 , 4855 , 4 700.

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

Breakout Stocks of the day : RIL.

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

Nifty Today

Nishant Kalaskar — Mon, 14 Dec 2009 10:16:44 +0000

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 & 16940 for Nifty & Sensex respectively.

Support levels for Nifty are 5070, 5020, 4900 , 4855 , 4 700.

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

Breakout Stocks of the day : ACC , ThinkSoft Global.

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

Nifty Today

Nishant Kalaskar — Thu, 26 Nov 2009 10:02:07 +0000

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.

- - Market Breadth : 0.20

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 4930 & 16630 for Nifty & Sensex respectively.

Support levels for Nifty are 4930 , 4900, 4855 , 4 700, 4670 , 4560 , 4520.

Resistance levels for Nifty are 5020, 5060, 5090, 5180 , 5330 , 5550 , 6200.

Breakout Stocks of the day : ITC.

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

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Nifty Today

Nishant Kalaskar — Wed, 25 Nov 2009 10:10:25 +0000

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 4930 & 16630 for Nifty & Sensex respectively.

Support levels for Nifty are 5090 , 5060 , 5020, 4940 , 4900, 4855 , 4 700, 4670 , 4560 , 4520.

Resistance levels for Nifty are 5180 , 5330 , 5550 , 6200.

Breakout Stocks of the day : Satyam.

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

Remove losers like these from your portfolio

HDIL SELL recommended at 344 now trading at 320 , Mphasis Sell recommended at 740 now trading at 680 , Unitech Sell recommended at 83 now trading at 78 , TechMahindra Sell recommended at 1000 now trading at 920 , Satyam sell recommended at 110 now trading at 89

Get readymade analysis with Daily Trend Report

See other details and payment options on Product page.

Click on the Trend Report to see …

Nifty Today

Nishant Kalaskar — Tue, 24 Nov 2009 11:05:20 +0000

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 4930 & 16630 for Nifty & Sensex respectively.

Support levels for Nifty are 5060 , 5020, 4940 , 4900, 4855 , 4 700, 4670 , 4560 , 4520.

Resistance levels for Nifty are 5090 , 5180 , 5550 , 6200.

Breakout Stocks of the day : Maruti.

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

Remove losers like these from your portfolio

Get readymade analysis with Daily Trend Report
See other details and payment options on Product page.

Click on the Trend Report to see …