Posts Tagged ‘Techncial Analysis’


Tuesday, April 6th, 2010

Nifty Today

On 24 Feb We wrote 5400 is possible on Nifty & Today Nifty is standing there! NO Magic…Only Technicals!!! –   – Observations & Possibilities: Nifty near its target of 5400. A pause in uptrend. 5570-5600 levels are looking possible now. On downside NIfty may test 5230. Failure to hold 5230 may take Nifty to 5070 & [...]

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Monday, February 1st, 2010

Nifty Technical Analysis

Monday Nifty opened with gap on downside and was holding 4800 level in the morning then it had weak rally up to 4920. Short term trend of Nifty is up now. Nifty intra day support was near 4820. Intra day  resistance for Nifty was near 4920.  Consumer Durable stocks were the strongest for the day, [...]

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Wednesday, January 27th, 2010

Nifty Technical Analysis

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 [...]

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Thursday, January 21st, 2010

Nifty Technical Analysis

Thursday Nifty was holding 5200 level in the morning but could not hold it for long. Bellow 5180 there was free fall in Nifty till 5085. Intra day support for Nifty was  near 5180 & resistance near 5200.  Capital Goods stocks were the weakest for the day. Global market trend was down during  Indian market [...]

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Tuesday, January 19th, 2010

Nifty Technical Analysis

Tuesday Nifty was again unable to break the 5300 zone on upside but has broken the 5240 mark on downside. Intra day support for Nifty was  near 5220 & resistance near 5280.  Bank  stocks were the strongest for the day while IT  stocks were weaker than market. Global market trend was down during  Indian market [...]

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Thursday, January 14th, 2010

Nifty Technical Analysis

Thursday Nifty has started a short term uptrend. Intra day support for Nifty was  near 52400 & resistance near 5270.  Oil & Gas  stocks were the strongest for the day while FMCG stocks were weaker than market. Global market trend was up during  Indian market hours. Compressed bar formed on Nifty chart. Market to take [...]

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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 : [...]

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Tuesday, November 17th, 2009

Nifty Today

Tuesday   Nifty Support near 5020.  Resistance near 5060. IT Stocks were strongest today. Global market trend was down during  Indian market hours.  Moderate chances of short term trend turning down.   -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth :  1.00   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 above [...]

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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 [...]

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Friday, October 30th, 2009

Market Today

Friday  market opened with huge gap in the morning & later on there was tremendus  bear power till 4700 on NIfty. Resistance above 4840. High volatility .Global market trend was directionless during Indian market hours.   Poor weekly closing with long term impact. Market in strong downtrend. Moderate chances of short term uptrend if 4670 holds  on Nifty in coming days. [...]

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