Posts Tagged ‘trading range’


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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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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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 weak  recovery [...]

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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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Thursday, December 24th, 2009

Nifty Today

Thursday Nifty was trading in the zone of  resistance  5140-5190. It failed to close above 5180 & start Intermediate uptrend. Intra day support for Nifty was  near 5130. Auto  stocks were the strongest for the day. Global market trend was up during  Indian market hours. 
If  Nifty closes above 5180 then the probable targets will be [...]

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Tuesday, November 24th, 2009

Nifty Today

Tuesday   Nifty intraday support 5060. Resistance near 5110.  Auto stocks were stronger  than market  today while metal stocks were weakre. Global market trend was down  during  Indian market hours. 
Moderate chances of short term downtrend.
  -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth :  0.60
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 bellow [...]

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Friday, November 20th, 2009

Nifty Today

Thursday

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Monday, November 9th, 2009

Market Today

Monday  market has crossed 4855 on Nifty on closing basis. Medium term trend of market is UP now. Bank Stocks were strongest today.  Global market trend was  up during Indian market hours. .
Expect big moves in coming days.
 
 -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth : 5.50  
Market Trends : Short  term trend of market is Up.  Medium term trend is Up.  Medium term trend of market will [...]

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Wednesday, October 28th, 2009

Market today

 Wednesday  market found support near 4780 on Nifty. Intraday resistance above 4860. RIL showed strength today. Bank stocks were weaker than market. IT stocks did better than market.  Global market trend was down during Indian market hours.  
American index Nasdaq has started medium term downtrend on Tuesday.
-                                                                                                                              -                                                                                                                                                                                                                                   Market Breadth : 0.55   
Market Trends : Short  term trend of market is down.  Medium term trend is Down.  Medium [...]

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