NIFTY Technicals.

NIFTY again comes in positive range. It is well above 5K mark. The annual returns on NIFTY and SENSEX have been brilliant. NIFTY Technicals:

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Last week the markets were good.A bit more gains can be expected from the Indian Stock Markets.Our target for NIFTY is 4900.I am bullish on Indian Economy but the market sentiments depend on the whole world. Last week Oil India’s IPO was over subscribed 31 Times. Has the time changed ? Short Term Ideas :Apollo [...]

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NIFTY Showing some amount of strength.The global cues are looking positive.NIFTY Technicals : NIFTY TRIN at 1.321NIFTY Range – Between 4400 – 4850Current Spot – 4636.5Support – 4580 and 4505Resistance – 4695 and 4790Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance) NIFTY Short term target : 4750. [...]

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Last week we saw NIFTY Zooming up !Companies are declaring good results. Last week we saw NIFTY in bullish mode.NIFTY gained over 10 % in a weekFII’s participation was moderate.NIFTY TRIN at 0.372NIFTY Range – Between 4410 and 4750 Current Spot – 4568Support – 4450 and 4390Resistance – 4695 and 4785Reversal from either of these [...]

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After budgets we have witnessed a huge fall on the Indian Stock markets. The fundamentals didn’t support after budget. Now every one have reduced the rating for the markets. Every one is predicting the markets to further fall down. Last week NIFTY closed at 4003.9 just managed to sustain the 4K level.NIFTY TRIN at 1.631NIFTY [...]

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A bad week indeed for the Indian Stock markets characterized by high volatility and bad global sentiments. Last week we saw NIFTY bearish mode.Last week NIFTY closed at 4586 and this week at 4274.05 a negative movement.FII’s participation was moderate.NIFTY TRIN at 0.457NIFTY Range – Between 4185 to 4421 Current Spot – 4274Support – 4190 [...]

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Last week we saw volatility in the Indian stock markets. NIFTY was highly volatile. The trend signifies NIFTY is in uptrend.The market sentiments are positive.Turnover have increased drastically. FII’s have started buying, one positive factor which will pull up the markets in short term. Last week NIFTY closed at 4586 and this week at 4583.4 [...]

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We saw a U turn in todays markets. Markets opened negative and entered in positive zone. Stared red ended green.Traders got good returns today. NIFTY Looks over brought.NIFTY Trin at 0.634 NIFTYlogy :Current spot – 4572.65Support – 4489.9 and 4407.3Resistance – 4618.65 and 4664.8 Buzzing Stocks : RNRL, Cairn India, LNT, Reliance Industry, RPower and [...]

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Indian markets had a gap up opening of 160 odd points before it slipped into a negative zone.Profit booking was seen at higher levels.Most of the Asian markets ended negative.Markets are looking heavily overbought. NIFTY Trin – 1.694Nature – Overbought NIFTY Levels for 3rd June :Spot – 4525.25Support -4455.5 and 4385.85Resistance – 4590.55 and 4656 [...]

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The day started off with a gap up opening and ended with some moderate gains.FII ended as net buyers.Asian markets were trading higher and ended higher.Mid caps were trading higher. NIFTY magic levels :NIFTY Spot – 4529.9Support – 4471.10 and 4413.55Resistance – 4566.7 and 4603.25 NIFTY Auto generated technical analysis.

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