Posts Tagged ‘stock’


Tuesday, December 29th, 2009

Nifty Daily

Tuesday Nifty was trading above the 5180 level  for the whole day. It has closed above 5180 & started  Intermediate uptrend. Intra day support for Nifty was  near 5180. Consumer Durable  stocks were the strongest for the day. Global market trend was up & weak during  Indian market hours.
A Compressed bar  formation on Nifty chart today. [...]

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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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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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Friday, November 20th, 2009

Nifty Today

Thursday

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Thursday, November 12th, 2009

Market Today

Thursday  market was directionless between 5010 & 4970 on Nifty till 2 pm. After breaking that level Nifty found support near 4920.  IT Stocks were strongest today. Metal & Banking stocks were weakest today.  Global market trend was down during Indian market hours. 
High chances of short term downtrend.
  -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth :  2.80  
Market Trends : Short  term trend of market is Up.  Medium term trend is Up.  [...]

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Friday, November 6th, 2009

Market Today

Friday  market was opened with bullish gap. As mentioned yestearday  the market tried to test 4855 zone on Nifty.  Support 4780 on NIfty. High volatility. Global market trend was  up during Indian market hours. Indian market was the strongest one today.
 Two Possibilities :
1. Nifty will fail to cross 4855 & medium term down trend  will resume.
2. Nifty will cross 4855 to test previous high of [...]

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Wednesday, November 4th, 2009

Market Today

Wednesday  market erased yestearday’s down move. Support 4670 on NIfty. Resistance above 4730. High volatility. Global market trend was  Up during Indian market hours.  
 4850 Target for Pullback rally. If crossed new medium term up trend will  start. Some stock may resume downtrend tomorrow.
                                                                                                                                                                                                                                   Market Breadth : 7.30  
Market Trends : Short  term trend of market is Up.  Medium term trend is Down.  Medium term trend of market [...]

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Friday, September 25th, 2009

Market Today

Friday Market showed strenght in the morning. Faced selling near 4990. Got support near 4940. Pharma stocks outperformed market. Global market trend was down during Indian market hours.
Out of two probabilities mentioned yestearday Nifty has failed to close above 5040 , now lets check the second probability of Nifty testing 4780.  Picture will be clear [...]

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Tuesday, September 22nd, 2009

Market Today

Tuesday Market easily crossed the resistance of 5000 on Nifty. Now market may test 5060. Intraday support 5000. Chances of short term downtrend remains moderate due to F&O expiry. RIL weaker than Market.  IT stocks outperformed market. Global market trend was positive during Indian market hours.
Market Breadth : 1.80
Market Trends : Short  term trend of [...]

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