Nishant Kalaskar (09881575125)

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

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 as intra day support. Consumer Durable stocks & Reality stocks were weakest for the day. Global market trend was direction less  during  Indian stock market hours.

Observations:

• Important moving average lines are acting as resistance in the zone of 4920 to 4970.
• Moderate chances of Market  testing 4950 on Nifty , the level above which the intermediate trend will turn up.
• 4500 zone on Nifty is an important target for this intermediate downtrend.

Market Technicals:

Market Breadth : 0.450

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 4840 , 4800 ,4690 , 4650 , 4470, 4050 , 3300 .

Resistance levels for Nifty are 4950 , 4985 ,5060, 5180 , 5130 ,5240 , 5330 , 5570.

Breakout  Stocks of the day : Idea.

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:

• 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!

With decisive Closing bellow 5170  Nifty has  started fresh Intermediate downtrend.

Long term indicators are not supporting the  Nifty’s up move  from September 09 on weekly charts. Good support near 5000 for Nifty on weekly chart. Protecting 75 % of total profit is the best strategy for investors. Avoid large positions in mid cap & small cap stocks.

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Market Breadth : 0.07

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 5080 , 4985 , 4800 , 4 700.

Resistance levels for Nifty are 5180 , 5130 ,5240 , 5330 , 5570 , 5630 ,  5740,5825 , 5950 , 6200

Breakout  Stocks of the day : L&T .

Reading Glossary is recommended for better understanding of this column.

-                                                                                                                                 -

SUBSCRIBE Swing Trading Calls

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

If  Nifty closes above 5180 then the probable targets will be 5330 ,  5570 , 5950.

Above 5200 on Nifty  the price moves will be very fast.

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Market Breadth : 1.2

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

Intermediate trend of market will turn up if market closes bellow 5183 & 17350 for Nifty & Sensex respectively.

Support levels for Nifty are5020, 4985 , 4800 , 4 700.

Resistance levels for Nifty are 5180 , 5330 , 5570 , 5630 ,  5740,5825 , 5950 , 6200

Breakout  Stocks of the day : TataMotors.

Reading Glossary is recommended for better understanding of this column.

-                                                                                                                                 -

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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 4930 & 16630 for Nifty & Sensex respectively.

Support levels for Nifty are  5060 , 5020, 4940 , 4900,  4855 , 4 700,  4670 , 4560 , 4520.

Resistance levels for Nifty are   5090 ,  5180 , 5550 , 6200.

Breakout  Stocks of the day :  Maruti.

 Reading Glossary is recommended for better understanding of this column.                                                                                                                                                  - 

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HDIL SELL recommended at 344 now trading at 320 ,  Mphasis Sell recommended at 740 now trading at 680 ,  Unitech Sell recommended at 83 now trading at 78 ,  TechMahindra Sell recommended at 1000 now trading at 920 , Satyam sell recommended at 110 now trading at 89

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 Strong weekly closing.  Nifty’s Closing above 5080 is trigger for fresh buying.

  -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth :  2.2

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 4930 & 16630 for Nifty & Sensex respectively.

Support levels for Nifty are  5020, 4940 , 4900,  4855 , 4 700,  4670 , 4560 , 4520.

Resistance levels for Nifty are  5060,  5090 ,  5180 , 5550 , 6200.

Breakout  Stocks of the day :  ACC , Tata Steel.

 Reading Glossary is recommended for better understanding of this column.                                                                                                                                                  - 

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 The Proof ? 

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Adani Ent. 23% in four Weeks ,  Andhra Bank 20% in 5 weeks ,  Ashok Layland 29% in 5 weeks ,  Bharti Airtel Sell recommended at 400 now treding @ 288 ,  Dr. Reddy’s 16 % in 4 weeks ,  Gail 7% in 2 weeks , IDFC 10% IN two weeks ,  Infosys 5% in one week ,  JSW Steel 24% in 2 Weeks ,  LIC Hsg 9% in Two weeks ,  M&M 9% in Two weeks ,  Maruti 6% in two weeks ,  Reliance Capital 10% in Two weeks ,  RIL 5% in one week ,   Sesa Goa 10% in two weeks ,   SAIL 10% in two weeks ,   Tata Motors 10% in two weeks ,  Tata Steel 10% in two weeks ,  TCS 8% in two weeks ,  United Spirits 20% in two weeks , Wipro 10% in 6 weeks    

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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 turn Down if market closes above 4540 & 15330 for Nifty & Sensex respectively.

Support levels for Nifty are  4855 , 4 700,  4670 , 4560 , 4520 , 4480 , 4400 , 4360 , 3870.

Resistance levels for Nifty are   4900 , 5180 , 5550 , 6200.

Breakout  Stocks :  SBI , Axis Bank .

 Reading Glossary is recommended for better understanding of this column.                                                                                                                                                  - 

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