Posts Tagged ‘support for nifty’


Wednesday, February 23rd, 2011

Nifty Technical Analysis

Traders can watch 5460 as resistance on Nifty & 5400 as support on Thursday. Nifty need to sustain above 5440 to remain bullish on Thursday. This is a bear market. The 5560 to 5650 range is full of resistance levels. Nifty’s short term trend is down. Nifty’s Intermediate trend is Down. Nifty Target :  4950 , 3850 Resistance [...]

Read More »

Tags: , , , , ,
Posted in Daily Updates | Comments »


Friday, September 24th, 2010

Market Technical Analysis

Click to Enlarge Niftychnicals Expecting profit booking from traders in some of the stocks on Monday. Bulls need to crush 6040 and Bears need to crush 5930 on Nifty to take fresh charge of market. Market outlook  remains positive for investors as long as Nifty is trading above 5750. Nifty’s short term trend is up. Nifty’s Intermediate trend [...]

Read More »

Tags: , , , , , , , , , , , , ,
Posted in Daily Updates | Comments »


Monday, March 22nd, 2010

Nifty Technicals

Observations: Market has decided to test  5100 on Nifty , the level bellow which Intermediate trend will turn down. Lets see what happens at 5100 on Nifty. Short term trend is down now. Sharp moves possible. Protect Gains. Protect Capital. Market Technicals: Market Breadth : 0.25 Market Trends : Short  term trend of market is down. Intermediate trend [...]

Read More »

Tags: , , , , , , , , , ,
Posted in Daily Updates | Comments »


Friday, March 19th, 2010

Nifty Today

Observations: Expecting 3 to 8 %  sharp move from currant level in coming days. There is  Possibility of 5550 on upside & 4950 on downside for Nifty. Short term indicators are not supporting the upmove above 5120 , this can be considered as the warning to bulls. Protect Gains. Protect Capital. Market Technicals: Market Breadth : [...]

Read More »

Tags: , , , , , , , , , ,
Posted in Daily Updates | Comments »


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. [...]

Read More »

Tags: , , , , , , , , , , , , , , , , , , , ,
Posted in Daily Updates | Comments »


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 [...]

Read More »

Tags: , , , , , , , , , , , , , ,
Posted in Daily Updates | Comments »


Monday, February 15th, 2010

Nifty Technical Analysis

Monday. Nifty failed to sustain above 4840. As written on Thursday many stocks faced selling pressure throughout the day.  Nifty established 4790 as intra day support. Intra day  resistance for Nifty was near 4840. IT stocks were strongest for the day. Global market trend was direction less  & weak during  Indian stock market hours. Observations: The [...]

Read More »

Tags: , , , , , , , , , , , , ,
Posted in Daily Updates | Comments »


Wednesday, February 10th, 2010

Nifty Technical Analysis

Wednesday. Nifty is facing sharper selling pressure near 4800. In last 3 days more than 5 times Nifty got hammered 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. Capital Goods  stocks were [...]

Read More »

Tags: , , , , , , , , , , , ,
Posted in Daily Updates | Comments »


Monday, February 8th, 2010

Nifty Technical Analysis

Monday ,Nifty witnessed short covering bellow 4700 . Nifty established 4700 as intra day support. Intra day  resistance for Nifty was near 4800. IT  stocks were strongest for the day. Global market trend was mix during  Indian stock market hours. Observations: All global markets including Indian market are in strong downtrend. (ADX(14) >30). Investors should protect their capital. [...]

Read More »

Tags: , , , , , , , , , , , , , ,
Posted in Daily Updates | Comments »


Friday, January 29th, 2010

Nifty Technical Analysis

Friday Nifty opened with gap on downside and for next three hours there was negative sentiment in the market. Market made panic low at 4766 after the CRR news and then  there was sharp rise of 100 points in Nifty. Nifty intra day support was near 4780. Intra day  resistance for Nifty was near 4880. [...]

Read More »

Tags: , , , , , , , , , , , , , ,
Posted in Daily Updates | Comments »