Posts Tagged ‘technical analysis of nifty’


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.
Market [...]

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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 markets today.
Moderate chances [...]

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Tuesday, March 2nd, 2010

Nifty Today

SEE Swing Trading Calls In Feb 2010 at BOTTOM of this page.
Tuesday Nifty has closed above 4950. We saw a strong trending session. Nifty established  4980 as intra day support. Auto stocks were strongest. Global market trend was mix during  Indian stock market hours.
Observations:

Some stocks might face profit booking in coming days.
Fresh Intermediate up trend has [...]

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Friday, February 26th, 2010

Nifty Today

Friday Nifty moved based on Budget 2010. We saw a strong trending session. Nifty established  4880 as intra day support. Auto stocks were strongest , while FMCG stocks were weakest for the day. Global market trend was up during  Indian stock market hours.
Observations:

Moderate chances of Nifty closing above 4950 , with doubtful institutional interest.
In case if [...]

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Tuesday, February 23rd, 2010

Nifty Today

Tuesday Nifty was trading in the intra day range of 4860 to 4880. It was a dull trading session. Nifty established  4840 as intra day support. Metal stocks were strongest & Auto stocks were weakest for the day. Global market trend was direction less  during  Indian stock market hours.
Observations:

In case if  Nifty closes above 4950 then that [...]

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Monday, February 22nd, 2010

Nifty Today

Monday Nifty opened with optimism & a gap of about 60 points but again sellers were dominant near 4920 level. It resulted in a fall from that level to 4850. Certainly there is change in the sentiment of the short term bulls who enjoied the rally from 4670 to 4930. Nifty established 4890 , 4850 [...]

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Friday, February 19th, 2010

Nifty Technical Analysis

Friday. We saw Nifty’s emotional drama by wildly moving  up & down. As written on Thursday Nifty tested 4840 in the morning , it could not hold that level and went to test 4800. Then in the afternoon there was intraday rally up to 4980. Certainly there is change in the sentiment of the short [...]

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Wednesday, February 17th, 2010

Nifty Technical Analysis

Wednesday. Nifty had a strong opening with gap in the morning. Above 4910 Nifty faced selling and was moving sideways with very low bull power. Nifty established 4885 as intra day support. Intra day  resistance for Nifty was near 4930. Metal stocks were strongest for the day. Global market trend was up during  Indian stock market [...]

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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 [...]

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Tuesday, February 9th, 2010

Nifty Technical Analysis

Tuesday Nifty faced selling pressure 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. IT  stocks were strongest for the day. Global market trend was up during  Indian stock market hours.
Observations:

RIL is relatively weaker [...]

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