Posts Tagged ‘Stock trends’


Thursday, March 4th, 2010

Nifty Today

Swing Trading Calls In Feb 2010 at the BOTTOM of this page.
Thursday Nifty opened with gap n could not cross the 5990 level throughout the session. Nifty established  5050 as intra day support. Metal stocks were strongest for the day. Global market trend was down during  Indian stock market hours.
Observations:

Considerable selling in global markets today.
Moderate chances [...]

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Tuesday, February 9th, 2010

Nifty Technical Analysis

Tuesday Nifty faced selling pressure 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. IT  stocks were strongest for the day. Global market trend was up during  Indian stock market hours.
Observations:

RIL is relatively weaker [...]

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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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Thursday, December 10th, 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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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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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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Wednesday, November 18th, 2009

Nifty Today

Wednesday   Nifty Support near 5050.  Resistance near 5075. Choppy day for market. Metal Stocks were strongest today. Global market trend was UP during  Indian market hours. 
Market has formed a Compressed Day. Expect 2 to 5 % move on Up or Downside.
  -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth :  1.00  
Market Trends : Short  term trend of market is Up.  Medium term trend is Up.  Medium term trend of market [...]

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