NSE NIFTY Analysis – Aug 25, 2010

NSE NIFTY Report –Aug 25, 2010
Technical Analysis

S&P CNX NIFTY closed down -38.400 at 5,505.100. Volume was 9% above average (neutral) and Bollinger Bands were 37% narrower than normal.

Technical Outlook

Short Term: Overbought

Intermediate Term:Bullish

Long Term:Bullish

• 
  
• We are only interested in a long position.
  
• The momentum is up.
  
• The upward momentum is accelerating.
  
• If not already long this is a good place to look for a Fractal or other signal to buy.
  

Bharat Mudgal’s comments:

The mid-term momentum is upward and will remain upward till the NIFTY is closing above 5418. We informed all the users that the market is overbought and that seems to be one of the reason for the sell-off in the last session.

On the upside, the resistance is at 5550.

The short-sell indicator is ******* (reserved for subscribers)

Stocks in Fresh Upward Momentum					Stocks in Fresh Downward Momentum
Security Name	Close	Volume	Crucial		Security Name	Close	Volume	Crucial
NSEIT	6117.6001	9448070	6108.4009		HDFC	624.25	1789162	2386.0942
NAGARFERT	31.75	4633870	31.2964		AEGISCHEM	313.45	555451	418.9609
IDFC	187.15	2309589	183.0945		MAYTASINFR	213.75	241077	215.4131
ZEENEWS	14.5	1062093	14.3244
LML	12.15	926431	11.4768
NISSAN	40.9	751002	39.1991
JSWSTEEL	1159.85	730973	1122.3237
GUJSIDHCEM	15.55	578139	14.4434
WSTCSTPAPR	98.2	540321	92.6548
ARCHIES	136.35	540077	120.5566
IL&FSTRANS	328.6	513151	299.9205
PHILIPCARB	210.5	502060	197.9458
VOLTAS	204.3	336478	204.011
DELTACORP	44.05	325394	42.2015
ACC	865.8	316699	845.5461
SANGHIIND	29.7	193268	26.358
TANTIACONS	90.35	152514	88.0685
MAHINDUGIN	69.6	143661	68.5588

Tags: NSE NIFTY Analysis

Category: Market Trend Report