mkt ahead...28th jan 2011...

nifty spot is getting near to our downtrend sloping channel lower lvl of about 5505 which may act as temporary support, the downside as earlier mentioned is still bearish atleast till 5350-5400 since the resistance at 5900 was not crossed(refer previous posts).

follow up on intraday trading lvls...

three trades were possible last week on our accurate intraday to near term trading lvls given on 18th jan 2011 morning, as shown in the above nifty chart.

mkt ahead...18th jan 2011...

nifty spot(for traders)

short to medium term:
resistance lvls: 5880/5945/6140
support lvls   : 5350-5400/5530

near term:
resistance: 5834/5874
support: 5620/5560

for today:
resistance: 5735
support: 5620/5580

medium term view: if the nifty fails to go and sustain above 5900, then a probable movement till 5350-5400 would be there where there may be good chances of buying support by financial institutions and mutual funds.

mkt ahead...trend channels...14th jan 2011...

if nifty stops following the earlier uptrend channel, a 'possible' down trend channel i have drawn that might come into play if nifty comes down below 5690.

a bounce off it below 5600 if that comes, would confirm nifty to be following it.

supports and resistances as provided by the trend channels lines.

imp note: if the nifty closes above 5750-5760 today, then it also stays out/above of the uptrend trend channel and keeps chances of pullback continuing.

mkt ahead...11th jan 2011...

nifty is again testing upper end of our trendchannel.

mkt ahead...10th jan 2010...

a sharp profit booking in leading stocks and shorting in last few trading session saw nifty coming down below 5900.

nifty is moving toward oversold lvls on daily charts. weekly bearish engulfing candle signifies further movement in direction and nature of next couple of candle/s.

current resistance roughly 6020, short term support 5840. any durable bounce from 5800 lvls may see rangebound movement of nifty for a period of time(short term).

quarterly result season will be starting from next week in which stock specific movement can be seen.

fii dii equity figures for jan 2011...

on nse:

happy new year 2011...

wishing a happy, healthy, rocking and gainful new year 2011 to all...!!!...

follow up on trend channel chart...

see how for the second time we had a bounce from my earlier drawn nifty trendchannel supports(marked with circles), yet again a pullback of more than 300 points!!!...

merry christmas!!!...

merry christmas and a very happy & prosperous new year to all the readers,friends and followers of valuetrading.blogspot.com!!!!!

morning sayings...

mark faber to other investors,"if you cannot swallow even a 30% correction, don't even bother to get up and out of your bed in the morning"...

mkt ahead...9thdec2010...

a lot of stocks hammering and sharp profit booking is going on in the indian stock mkt. this, while the global stock mkts have been stable or positive. will be a bit of time till stability is reached or after there is some sort of consolidation.

many days back i had given a view and tgt on nifty based upon breakout from intermediate term upward sloping trend channel.

accordingly the tgt of 6340 was completed accurately and nifty is undergoing profit booking since then.

the medium term trend is weak and in a sell mode. the channel upper trendline as expected was tested and provided support for this downmove and nifty made a pullback till upto 6070 few days ago.

currently again a fresh profit booking of the pullback is happening and it may well continue upto 5835/5780 or so. but if it continues further, then again the trendchannel upper end as well as the earlier low of 5690 become important as supports.

re-entering and staying below it for longer period in the channel again can lead to further bearishness/slide in the index and the mkt as a whole.

nifty view...mkt ahead 7th dec 2010...

medium to intermediate outlook:
still bullish with buy on dips kind

short term:
yet to be bullish buy, still in a pullback in which profit booking is happening...near term views/calls as given on twitter

mkt ahead...06th dec 2010...

on spot nifty, after crossing 5884, positive bias has developed on the charts in the near to short term.

a pullback is happening which can continue upto 6100 to 6130. some profit booking is possible there.