Trends Today » techncal calls http://www.trendstoday.in JOIN Technical Analysis Course in Pune. Register NOW for FREE Nifty Technicals Email Thu, 09 Feb 2012 12:58:59 +0000 en hourly 1 http://wordpress.org/?v=3.1.1 Nifty Technical Analysis http://www.trendstoday.in/2010/01/27/nifty-technical-analysis-17/ http://www.trendstoday.in/2010/01/27/nifty-technical-analysis-17/#comments Wed, 27 Jan 2010 10:07:47 +0000 Nishant Kalaskar http://www.trendstoday.in/?p=824 Wednesday Nifty opened with gap on downside and had free fall of about 150 points. Bears are having total control over market. Nifty could not establish any intra day support due to free fall in market. Intra day  resistance for Nifty was near 4900.  Auto , Metal  stocks were the weakest for the day. Global market trend was down during  Indian market hours.

Observations:

  • Important support of 5000 level is broken decisively on Nifty today.  There is threat of bear market.
  • Today’s Volatility highest in last one month.
  • The fall  in Nifty from 19  Jan 2010 is the sharpest in last four months.
  • Last Friday market has given Poor weekly closing with long term impact.

Market Technicals:

Market Breadth : 0.05

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   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 : SBI , Tata Steel , Ibulls Real .

- Nishant Kalaskar.

-                                                                                                                                 -

SUBSCRIBE Swing Trading Calls

We are holding Nifty 5200 Put  Option & Nifty 5300 Put Option from Wednesday ,  20 Jan 10 morning!

]]> http://www.trendstoday.in/2010/01/27/nifty-technical-analysis-17/feed/ 0