Saturday 3 November 2012

Trading the nifty on 5th November


TRADING THE NIFTY ON 5th NOVEMBER

In the last trading session the Nifty reacted to the Dow’s upward movement on the previous day. In the last trading session the DOW has not done well. From the charts we see a bearish engulfing pattern which clearly indicates the DOW will not hold its ground.  For the Indian market there is no big trigger to boost the present reversal.

From here the Nifty if it maintains the momentum, levels of 5723 and 5748 are some levels to be witnessed. If the Nifty loses its ground it will retest 5672 and 5647.


NIFTY
Classical
Camarilla
Fibonacci
DeMark
Resistance 4

5714


Resistance 3
5741
5706
5726

Resistance 2
5726
5703
5715
5726
Resistance 1
5712
5700
5708
5712
Pivot Point
5697
5697
5697
5697
Support 1
5683
5695
5686
5683
Support 2
5668
5692
5679
5668
Support 3
5654
5690
5668

Support4

5682



The above pivot table is for daytraders valid for 5th November


Happy trading

Nifty stocks trend on 5th November


 NIFTY STOCKS TREND ON 5th NOVEMBER
Symbol
Closing price
Long term
Mid term
Short term
EMA Trend
Aroon
Comments
ACC
1408.4
Bull
Bull
Bear
Bull
Bear
DnT Sideways
AMBUJACEM
207.4
Bull
Bull
Bull
Bull
Bear
DownTrend
ASIANPAINT
3903.3
Bull
Bull
Bull
Bull
Bull
UpT Sideways
AXISBANK
1215.5
Bull
Bull
Bull
Bull
Bull
UpT Sideways
BAJAJ-AUTO
1897.8
Bull
Bull
Bull
Bull
Bull
UPTREND
BANKBARODA
743.15
Bull
Bull
Bear
Bull
Bear
DnT Sideways
BHARTIARTL
274.95
Bear
BUY
Bull
RCY
Bull
UPTREND
BHEL
229.45
Bear
Bear
Bear
Bear
Bear
DnT Sideways
BPCL
336.05
Bear
Bear
Bear
Ditb
Bear
DnT Sideways
CAIRN
334.8
Bull
Bull
Bull
Bull
Bull
UpT Sideways
CIPLA
377
Bull
Bull
BUY
Bull
Bull
DownTrend
COALINDIA
350.6
Bull
Bear
Bear
Bear
Bear
DownTrend
DLF
205.4
Bear
Bear
Bear
Ditb
Bear
DownTrend
DRREDDY
1774.7
Bull
Bull
Bull
Bull
Bull
UPTREND
GAIL
358.8
Bear
Bear
Bear
Bear
Bear
DownTrend
GRASIM
3361.8
Bull
Bull
Bull
Bull
Bear
UpT Sideways
HCLTECH
614.2
Bull
Bull
Bull
Bull
Bull
UPTREND
HDFC
766.25
Neut
Bull
Bull
Neut
Bull
UPTREND
HDFCBANK
630.3
Neut
Bull
Bull
Neut
Bull
UpT Sideways
HEROMOTOCO
1945.8
Neut
Bull
Bull
Neut
Bull
UPTREND
HINDALCO
117.7
Neut
Bull
Bear
Neut
Bear
DownTrend
HINDUNILVR
533
Bull
Bear
Bear
Bear
Bear
DnT Sideways
ICICIBANK
1079.7
Bull
Bull
Bull
Bull
Bull
UPTREND
IDFC
168.3
Bull
Bull
Bull
Bull
Bull
UPTREND
INFY
2388.1
Bear
Bear
Bear
Bear
Bear
DownTrend
ITC
283.2
Bull
Bull
Bull
Bull
Bear
UpT Sideways
JINDALSTEL
388.85
Bear
Bear
Bear
Bear
Bear
DnT Sideways
JPASSOCIAT
88.75
Bull
Bull
Bull
Bull
Bear
UpT Sideways
KOTAKBANK
612.3
Bull
Bull
Bear
Bull
Bear
DownTrend
LT
1675.4
Bull
Bull
Bull
Bull
Bull
UpT Sideways
LUPIN
579.65
Bull
Bull
Bear
Bull
Bull
DownTrend
M&M
917.45
Bull
Bull
Bull
Bull
Bull
UPTREND
MARUTI
1465.9
Bull
Bull
Bull
Bull
Bull
UPTREND
NTPC
168.15
Bull
Bull
Bear
Bull
Bear
DownTrend
ONGC
265.75
Bear
Bear
Bear
Ditb
Bear
DnT Sideways
PNB
755.55
Bear
Bear
Bear
Bear
Bear
DnT Sideways
POWERGRID
118
Bull
Bull
Bear
Bull
Bear
DownTrend
RANBAXY
539.55
Bull
Bull
Bear
Bull
Bear
DnT Sideways
RELIANCE
807.95
Bull
Bull
Bear
Bull
Bear
DownTrend
RELINFRA
486.75
Bear
Bear
Bear
Bear
Bear
DownTrend
SBIN
2152.5
Bull
Bull
Bear
Bull
Bear
DnT Sideways
SESAGOA
175.8
Bear
Bull
Bear
RCY
Bull
DownTrend
SIEMENS
703.4
Bear
Bull
Bear
RCY
Bear
DownTrend
SUNPHARMA
696.95
Bull
Bull
Bull
Bull
Bear
DnT Sideways
TATAMOTORS
270.05
Bull
Bull
Bear
Bull
Bear
DownTrend
TATAPOWER
106.5
Bull
Bull
Bull
Bull
Bull
UPTREND
TATASTEEL
402.35
Bear
BUY
Bear
RCY
Bear
DnT Sideways
TCS
1331.2
Bull
Bull
Bull
Bull
Bull
UPTREND
ULTRACEMCO
2019.9
Bull
Bull
Bull
Bull
Bear
UpT Sideways
WIPRO
364.6
Bear
Bull
Bear
RCY
Bull
DownTrend
RCY – Recovering, Dttb – distribution, Accu – Accumulation