Wednesday, 24 October 2012

Nifty Stock trends on 25th October


NIFTY STOCK TRENDS AS ON 25TH OCTOBER 

I have listed below the current nifty stock trend. This list has been prepared on the basis of last trading session that is 23rd of October. Kindly take note this is for information only and not to be taken as an investment advice.

Symbol
Closing price
Long term
Mid term
Short term
EMA Trend
Aroon
Comments
ACC
1404.3
Bull
Bull
Bull
Bull
Bear
UpT Sideways
AMBUJACEM
203.1
Bull
Bull
Bull
Bull
Bear
UpT Sideways
BAJAJ-AUTO
1769.3
Bull
Bull
Bull
Bull
Bear
DownTrend
BHARTIARTL
271.2
Bear
Bull
Bull
RCY
Bull
UPTREND
BHEL
239.5
Bear
Bull
Bull
Bull
Bear
UpT Sideways
BPCL
348.55
Bull
Bear
Bear
Rest
Bear
DnT Sideways
CAIRN
337.85
Bull
Bull
Bull
Bull
Bull
UpT Sideways
CIPLA
365.8
Bull
Bull
Bear
Bull
Bear
DnT Sideways
COALINDIA
358.55
Bull
Bull
Bear
Bull
Bear
DownTrend
DLF
205.45
Bear
Bear
Bear
Bear
Bear
DnT Sideways
DRREDDY
1731.2
Bull
Bull
Bull
Bull
Bull
UPTREND
GAIL
355.05
Bear
Bear
Bear
Bear
Bear
DnT Sideways
GRASIM
3400
Bull
Bull
Bull
Bull
Bull
UpT Sideways
HCLTECH
608.7
Bull
Bull
Bull
Bull
Bull
UPTREND
HINDUNILVR
570.35
Bull
Bull
Bull
Bull
Bull
UpT Sideways
IDFC
153.65
Bull
Bull
Bull
Bull
Bear
UpT Sideways
INFY
2353.1
Bear
Bear
Bear
Bear
Bear
DnT Sideways
ITC
290
Bull
Bull
Bull
Bull
Bull
UpT Sideways
JINDALSTEL
390.75
Bear
Bear
Bull
Bull
Bear
DownTrend
JPASSOCIAT
94.7
Bull
Bull
Bull
Bull
Bull
UpT Sideways
LT
1701.4
Bull
Bull
Bull
Bull
Bull
UpT Sideways
M&M
828.6
Bull
Bull
Bull
Bull
Bear
UpT Sideways
MARUTI
1366.9
Bull
Bull
Bull
Bull
Bull
UpT Sideways
NTPC
169
Bull
Bull
Bear
Bull
Bull
UpT Sideways

Nifty trading on 25th Octobber


Trading the Nifty on 25th October 2012

It is clear form the above chart the direction of the nifty is more or less moving in sideways. Point to note is it is consolidating. The last trading session has been governed largely by falling European indexes and Asia Pacific region. This is not the first time it is happening and will be not the last time certainly.  Therefore there is not much to be taken very seriously. The Nifty has all the potential to climb higher.

Since Nifty is trading in a narrow range we can expect it to gain or lose only a few points  from here onwards the nifty can move upwards till 5729 where it faces a resistance. Since the volume is falling we cannot expect it break this resistance and reach thee next level of 5742. On the down side 5679 and 5666 are the levels to look for



NIFTY
Classical
Camarilla
Fibonacci
Resistance 4

5713

Resistance 3
5754
5702
5737
Resistance 2
5737
5699
5722
Resistance 1
5714
5695
5713
Pivot Point
5698
5698
5698
Support 1
5675
5688
5683
Support 2
5659
5684
5674
Support 3
5636
5681
5659
Support4

5670


The  above pivots for day traders valid for 25th October

Happy trading