Nifty analysis!!!

Nifty today closed 1.3% down due to mid-cap stock pressure..
Descending range bound was broken today and nifty took support at 5040.. the crucial level of mid june..!
ROC and MACD both are indicating downtrend...
technically more downfall should be seen in the market but.. ECB have indicated that there are going to take measure to protect EURO and this news have boosted the US market and this will boost Indian market as well!!!

Looking at daily chart the support at 5040 is seen...!
ROC is indicating a change in trend.. where as MACD is indicating the downtrend....!
Nifty have retraced 50%(5060) of the (4770-5350)!!!!
Closing above 5060 will give some indication of sustenance!!!

Gold analysis!!!

gold after sustaining the level of 29180 started the upside rally...!
CMP is 29770.. and this level seems to be crucial for the gold..!
Closing above 29800 will give a positive signal and the rally can continue for the gold....
neither there is any divergence nor and negative indication form MACD and ROC on hourly basis...!
Positive movement can be seen further in the gold!!!

looking at the daily chart... the price is now at the Fibonacci Level of 50%.
The MACD and ROC is showing more room for the positive movement...!
Level of 29780-29934-30152-30430 are the resistance level whereas 29630-29438 can be the support level..!
Positive movement can be expected!!

Nifty Analysis!!!!

Nifty today started with a negative opening and stayed below the yesterday closing price....
Market was sideways... making a high of 5121 and low of 5077.
ROC and MACD yet are indicating the positive movement!
The resistance and support level are shown on the chart!
Gap of 5160-5190 and 5260-5300 are open and yet to filled... rally upto this level can be expected but not sure...!
Positive movement is expected in coming days..

Nifty analysis!!!

Hi... to everyone... i wasn't able to post for  week or so.. as i wasn't feeling well and after that got busy with some work...

So looking  the nifty movement the market has made any positive movement... for past 5 days...
resistance of 5262 wasn't breached and the market turned negative there after and .. now it is moving around 5190...
In the above Hourly chart... ROC and MACD has crossed upside, showing some room for a positive movement in the market.
since the market is moving a range bound resistance can be seen at 5160-5190-5220-5260-5300-5350.
Level of 5110 is crucial and closing below it can show new sell off in the market changing the sentiment to negative.
overall i am positive on the market and resistance can be seen at specified levels...!

Nifty Analysis!!!

Nifty today closed at 5192... where good support is to be seen..!
Market is likely to touch the level of 5150 ... if 5190 is breached!!!
MACD is now moving a sideways... indicating  a change in the trend..!
Upside resistance at be seen at 5220-5270!!!!

Nifty analysis!!!!

Nifty  downtrend seems to be cotinuing...
market closed at a support level of 5190.
breaking of that level will take the market to 5150-5160.
ROC and MACD is giving a indication of negative movement.
level of 5150 can be seen in coming days...!

Nifty analysis!!

Weekly chart.
Weekly chart is yet showing a positive trend in the market.
The resistance trendline can be seen at descending trendline which is near 5480 now.
support near 55SMA 5180 can be seen on weekly basis.
closing below 5180 can turn the trend negative.
MACD and ROC are still indicating positive trend so there is hope for some more
positive movement in the market.
the chart have seen a inverted hammer formation on the last week.... and this gives a sign positive
movement.

hourly chart
let understand the game of resistance support and gap..
market on 28 june opened with a gap and above the resistance of 5190...
the rally continued till 5350...
on 11 july the market opened with a gap below the support level of 5300.
now for past two day market is taking support at 5220.
the gap is generally needs to be fill before continuing any trend.
If market move positive from this level and again touch the high of 5350 then
the downside risk will be opened as the gap of 5160-5190 is still open.
And if market fill the gap of 5160-5190 first then upside move can be seen before the
down trend as gap of 5260-5300 need to be filled.
let c where the market move and how the game of resistance.. support and gap
turn out to be.

Tata motors

Tata motors after making a high of 320 on 19 april 2012... started a downside movement.
after making a low of 220 on 4 june the stock have shown some sustains and is now moving with a ascending trendline and 200 SMA support.
55SMA on the weekly basis is around
Stock closed at 235.50 on 13-06-2012.
This can be a good pick for a short to medium term with a  stoploss of 230!!
First tgt will be 251 crossing this level tgt of 275 can be seen in medium term.

Nifty Analysis!!!!

Nifty today opened below the support level of 5270 and the sentiment seems to turned
negative.
Next support is seen at 5200-5150.
Resistance at 5270-5300..
downside can be seen in the market in coming few days!!!!!

Nifty analysis!!!

Nifty today was 39 points down... closing at 5306 after making a low of 5300.
The MACD and ROC are indicating negative movement.
If nifty sustain the level of 5280-5300 where there is support of ascending trendline then
there can be some upside.
Resistance at 5350-5400 can be seen.
support of 5270-5200 will be crucial.

Nifty Analysis

Nifty today.... made a positive movement.
Closing was at 5345 after making a high of 5348.
it seems like market will contiune the upside movement with a resistance level of 5400-5450.
support level for the nifty as of now is 5330-5270.

Nifty analysis!!

Today market closed on a negative note.. -0.80%.
Nifty closing was seen at 5275.
Market have closed at a support level of the range bound which was seen last week.
However support is also seen on the basis of the ascending trendline.
If market sustance tomorrow above 5270 then positive movement can be seen in the market.
Next support is seen at 5190-5150.

Nifty analysis!!

Weekly chart

The weekly chart did broke the upper side resistance of the stock this week as well.
The market closed on the flat note on weekly basis.
Resistance of 5330 and 5380 on weekly basis can be seen in coming days.
ROC is showing support and positive movement whereas MACD is showing pressure on upside of the market.
Market for the medium term is seen around 4950 to 5400!!!

Daily chart

Daily chart of nifty is trading between the range of lower and upper ascending trend line.
The range is getting narrow and breakout toward any side will set a trend for coming days.
MACD is giving a positive indication for the market and ROC is giving negative divergence for the market.

Hourly Chart

As it is seen in the chart that the market was in a range bound of 5320 and 5267 for last week.

Market did closed above 5320 on last thursday but failed to sustain above that level, hence it is said that it is good to wait for the second confirmation before entering the trade.

However now this two level are the crucial level and one should trade after the breakout seen towards any side of the range with strict stoploss.

 

Crucial level for the week(Pivot points):-

R3	5421
R2	5378
R1	5347
PP	5304
S1	5273
S2	5230
S3	5199

Nifty analysis!!!!

Nifty broke the resistance of 5320 and closed at 5327.
Sustaining of this level will be crucial for tomorrow.
One can go long with a stoploss of 5310.
ROC is showing divergence on daily charts and it seems like the rally wont be sustainable for coming days.
Resistance at 5400 and support at 5300-5320 can be seen!!

Nifty Analysis!!!

Market today was in a range bound as well.
Since the global market is moving in a range bound, Indian market are following the foot step.
5320 and 5270 is the crucial level for the next trend to follow.
It seems likely nifty can touch again the level of 5270 before making going confirming a uptrend.

Mcx Gold Analysis!!!

The chart above is of GOLD AUG contract.
The price is moving in a downtrend, and since the price is moving in a range of a two parallel line
breaking of this range will indicate a change in trend.
In my earliar post i specified that the trend seems to be in a downtrend and the same have been seen till now and same will be seen in coming days.
The price of gold in dollar terms have increased from 1550$ to CMP 1617$, but strengthening Rupee have help to decrease the price in indian market.
Range of 29500-29750 is crucial.

Nifty Analysis!!!!

Nifty is taking support at 5270  for past two days.
If it sustain this level tomorrow then level of 5320-5330 can be seen in the market.
MACD have given a negative signal but RSI is showing sum support.
Level of 5270 is crucial for short term.

Nifty Analysis!!

 

Weekly chart above shows a formation of a  triangle.
Currently resistance formed due to triangle is around 5400 and 4900.
This range will help us to indicate a long term range.
MACD is making Lower Low(LL) and Lower High(LH) from july 2009, and till the trendline is not breached... upside movement will lack sustainability

 

 Now daily chart shows a resistance at 5300 and 5440 using Fibonacci Ratio.
55SMA and 200SMA are around 5100 indicating strong support.
Support at for short term can be seen at 5200 and 5100 level.