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 is up.
• Today 259 stocks were traded heavily. Out of them 141 stocks are in short term up trend and 118 stocks are in short term down trend.
• Nifty up side Target :  6440, 7000.
• Resistance for Nifty :  5970, 6030 , 6100 , 6170.
• Support for Nifty :   5910, 5870, 5780, 5750, 5700,5600.
• With Friday’s strong up move global trend has turned up once again .

Nishant Kalaskar

Reading Glossary strongly recommended for better understanding of this column.

MONEY NEVER SLEEPS

• 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 is UP.

Intermediate trend of market will turn DOWN if market closes bellow 5100 & 17050 for Nifty & Sensex respectively.

Support levels for Nifty are  5160, 5000 ,  4950 ,  4840 , 4800 ,4690 , 4650 , 4470, 4050 , 3300 .

Resistance levels for Nifty are 5240 ,5300 , 5330 ,5400,  5570.

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• Daily Buy  calls for delivery .
• Nifty  Option trading calls.
• Time Frame 3 to 10 trading sessions.
• Unique Stop points to protect your Capital &  Profit.
• Easy to Implement.
• Receive CallS by SMS.

• 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 : 1.10

Market Trends : Short  term trend of market is up. Intermediate trend is UP.

Intermediate trend of market will turn DOWN if market closes bellow 5100 & 17050 for Nifty & Sensex respectively.

Support levels for Nifty are 5240 , 5160, 4950 ,  4840 , 4800 ,4690 , 4650 , 4470, 4050 , 3300 .

Resistance levels for Nifty are 5300 , 5330 ,5400,  5570.

About Calls:

• Daily Buy  calls for delivery .
• Nifty  Option trading calls.
• Time Frame 3 to 10 trading sessions.
• Unique Stop points to protect your Capital &  Profit.
• Easy to Implement.
• Receive Calls  in your Cell Phone.

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

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 of short term downtrend.
• Intermediate uptrend  have target of  5120 , 5400 levels. Nifty is trading just near 5120 so there are high chances of  Nifty  touching that level.  5400 is looking impossible at present , but anything can happen in intermediate uptrend , so be ready.
• Important moving average lines are  in the zone of 4920 to 4970.

Market Technicals:

Market Breadth : 1.80

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 , 5180 , 5240 , 5330 ,5400,  5570.

Breakout  Stocks of the day : LIC Hsg Fin. , Rcom

Swing Trading Call In Feb 2010( On 2 March 10)

ACC Bought @ 865 & Sold @ 916 in just 5 Days.

Adani Ent. Bought @ 468 & Sold @ 510 in just 7 Days.

Ambuja Cement Bought @ 100 & Sold @ 108 in just 7 Days.

Axis Bank Bought @ 1067  & Still Holding.

BEL Bought @ 2070 @ sold @ 2030. Loss 40/- or 2 %.

Bharat Forge @ 255 & sold @ 245. Loss 10/- or 4%.

BHEL @ 2332 & Sold @ 2349/-

Cairn @ 160 & Sold @ 272/-

Cipla @ 321 & sold @ 311/- Loss 10/- or 3%.

Corp. Bank bought @  446 & Sold @ 432. Loss 14/- or 3%.

HCL Tech Bought @ 340 & Sold @ 365.

Hindalco Bought @ 145. Still Holding.

Idea bought @ 58. Still Holding.

L&T Bought @ 1460 & Still Holding.

Maruti Suziki Bought @ 1380 & sold @ 1340. Loss 40/- or 3%

Maruti Suziki Bought @ 1365 &  Still Holding.

Tata Motors Bought @ 710 & still Holding.

Observations:

• The weak  recovery in Nifty from 8th Feb 2010 is making risk reward ratio less attractive for bulls.
• Market in a make or break situation.
• (4830-4840 ) & (4880- 4920) zones on  Nifty are very important resistance &  may face heavy selling..
• 4500 zone on Nifty is an important target for this downtrend.
• The fall  in Nifty from 19  Jan 2010 is the sharpest in last four months.

Market Technicals:

Market Breadth : 0.35

Market Trends : Short  term trend of market is up. Intermediate trend is DOWN.

Intermediate trend of market will turn UP if market closes above 4950 & 16553 for Nifty & Sensex respectively.

Support levels for Nifty are 4730 ,4690 , 4650 , 4470, 4050 , 3300 .

Resistance levels for Nifty are 4800 , 4840 ,4945 , 4985 , 5180 , 5130 ,5240 , 5330 , 5570.

Breakout  Stocks of the day : Bharti Airtel , BOI.

- Nishant Kalaskar.

-                                                                                                                                 -

Observations:

• RIL  , Maruti , DLF  are  relatively weaker than Nifty.
• 4810-4840 zone on  Nifty is very important resistance &  may face heavy selling.
• Intra day rallies  might  be used for loss booking  by trapped bulls.
• 4500 zone on Nifty is an important target for this downtrend.
• The fall  in Nifty from 19  Jan 2010 is the sharpest in last four months.

Market Technicals:

Market Breadth : 0.90

Market Trends : Short  term trend of market is down. Intermediate trend is DOWN.

Intermediate trend of market will turn UP if market closes above 4950 & 16553 for Nifty & Sensex respectively.

Support levels for Nifty are 4730 ,4690 , 4650 , 4470, 4050 , 3300 .

Resistance levels for Nifty are 4800 , 4840 ,4945 , 4985 , 5180 , 5130 ,5240 , 5330 , 5570.

Breakout  Stocks of the day : M&M.

- Nishant Kalaskar.

-                                                                                                                                 -

Observations:

• All global markets including Indian market are in strong downtrend. (ADX(14) >30). Investors should protect their capital.
• Intra day rallies  might  be used for loss booking  by trapped bulls.
• 4500 zone on Nifty is an important target for this downtrend.
• Intermediate trend of market will turn UP if market closes above 4950 & 16553 for Nifty & Sensex respectively.
• 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 : 1.10

Market Trends : Short  term trend of market is down. Intermediate trend is DOWN.

Intermediate trend of market will turn UP if market closes above 4950 & 16553 for Nifty & Sensex respectively.

Support levels for Nifty are 4730 ,4690 , 4650 , 4470, 4050 , 3300 .

Resistance levels for Nifty are 4800 , 4840 ,4945 , 4985 , 5180 , 5130 ,5240 , 5330 , 5570.

Breakout  Stocks of the day : LIC Hsg. Fin.

- Nishant Kalaskar.

-                                                                                                                                 -

Observations:

• High chances of short term uptrend.
• Important support of 5000 level has been  broken decisively on Nifty.
• High Volatility seen in market.
• 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 : 1.80

Market Trends : Short  term trend of market is down. 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 , 4050 , 3300 .

Resistance levels for Nifty are 4935 , 4985 , 5180 , 5130 ,5240 , 5330 , 5570.

Breakout  Stocks of the day : Suzlon .

- Nishant Kalaskar.

-                                                                                                                                 -

SUBSCRIBE Swing Trading Calls

We are holding Nifty 5200 Put  Option & Nifty 5300 Put Option

from Wednesday ,  20 Jan 10 morning till expiry.