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:

• Short term uptrend started today.
• Important support of 5000 level has been  broken decisively on Nifty.
• High Volatility seen in market.
• The fall  in Nifty from 19  Jan 2010 is the sharpest in last four months.
• 4650 important support for Nifty. Its 200 day average price of Nifty.

Market Technicals:

Market Breadth : 2.80

Market Trends : Short  term trend of market is up. 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 are  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 : BPCL , Cummins Ind .

- Nishant Kalaskar.

-                                                                                                                                 -

SUBSCRIBE Swing Trading Calls

we were holding Nifty 5200 Put  Option & Nifty 5300 Put

Option from Wednesday ,  20 Jan 10 morning till expiry.

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!

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.

-                                                                                                                         -

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.

-                                                                                                                                 -

ADD & HOLD winners in your portfolio @ 800/- per month.

Thinksoft  Global  20% gains in ten days.

Cox & Kings 5% in five days.

Deccan Chronicle 10% in 3 days.

Canara Bank 5% in 4 days.

4th Poor weekly closing by market in last three months.

-                                                                                                                         -

Market Breadth : 0.40

Market Trends : Short  term trend of market is down.  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 are  4985 , 4900 ,  4855 , 4 700.

Resistance levels for Nifty are 5020, 5180 , 5330 , 5550 , 5700, 6200

Breakout  Stocks of the day : RIL.

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

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.                                                                                                                                                  - 

Remove losers like these from your portfolio

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

Get readymade analysis with Daily Trend Report
See other details and payment options on Product page.

Click on the Trend Report to see …

 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.                                                                                                                                                  - 

Daily Trend Report Has an Eagle Eye

 The Proof ? 

See the Gains in our recommendations on 20 November 09 :

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    

See other details and payment options on Product page.

Click on the Trend Report to see …

 4850 Target for Pullback rally. 

 -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth : 5.60  

Market Trends : Short  term trend of market is Up.  Medium term trend is Down.  Medium term trend of market will turn Up if market closes above 4855 & 16370 for Nifty & Sensex respectively.

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

Resistance levels for Nifty are     4850 , 4900 , 5180 , 5550 , 6200.

Breakout  Stocks :  Lupin , IFCI , Wockhardt, RInfra , RCap ,

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

Daily News Letter

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