Moneycontrol Technicals

Nifty is due for a correction, says Anil Manghnani

Wed, 08 Feb 2012 09:23:57 +0530

The Indian market has rallied sharply over the last few sessions. Anil Manghnani of Modern Shares Stock Brokers says, the market is due for a correction. �Given the fact that the market is rallied about 870-point, it is due for a correction,� he explains.

Expect further correction in Nifty: Mohit Gaba

Wed, 08 Feb 2012 08:34:17 +0530

Today�s bar engulfs yesterdays indecisive bar with a negative bias, hence we could expect further correction in the nifty and should think about covering longs and going short at the break of 5322 with a stop above 5414, says Technical Analyst, Mohit Gaba.

Choppy market: Sudarshan Sukhani gives buy and sell calls

Wed, 08 Feb 2012 08:31:28 +0530

Sudarshan Sukhani of s2analytics.com says, the market is choppy. �It�s possible to have buying as well as selling opportunities,� he adds.

Support for Nifty at 5282-5201: Gaba

Wed, 08 Feb 2012 08:09:47 +0530

The support for the Nifty is at 5282-5201 and resistance at 5400-5435, says Technical Analyst, Prakash Gaba.

Kedia warns of mkt correction within four-five sessions

Tue, 07 Feb 2012 09:40:39 +0530

Sushil Kedia, president at ATMA spoke to CNBC-TV18 about what he expects of the market going ahead.

Hold long positions with stoploss below 5327: Mohit Gaba

Tue, 07 Feb 2012 08:58:45 +0530

Given bank nifty�s heavy weightage on the nifty and no confirmed sign of a reaction, long positions should continue to be held with a trailing stop below 5327, a close below which would be the first sign of weakness, says Technical Analyst, Mohit Gaba.

Waiting for an opportunity to go long: Sudarshan Sukhani

Tue, 07 Feb 2012 08:22:07 +0530

Sudarshan Sukhani, s2analytics.com says, he has closed all long trades yesterday. However, he says, the trade is to go long. �I am waiting for an opportunity to go long,� he adds.

Resistance for Nifty at 5400-5435: Prakash Gaba

Tue, 07 Feb 2012 08:04:59 +0530

The support for the Nifty is at 5325 and resistance at 5400-5435, says Technical Analyst, Prakash Gaba.

Hold long positions with stoploss below 5255: Mohit Gaba

Mon, 06 Feb 2012 11:43:42 +0530

Long positions should continue to be held with a trailing stop below 5255, a close below which would be the first sign of weakness, says Technical Analyst, Mohit Gaba.

Current rally may not sustain for long: Sudarshan Sukhani

Mon, 06 Feb 2012 08:28:10 +0530

The market closed last week with a flourish. The Nifty ended above the 5,300 mark. Sudarshan Sukhani, s2analytics.com says, the market has rallied decently. �I don�t think the rally will sustain for long,� he adds.

Nifty has resistance at 5385-5400: Prakash Gaba

Mon, 06 Feb 2012 08:24:16 +0530

The support for the Nifty is at 5275 and resistance at 5385-5400, says Prakash Gaba.

Nifty may test 5434: Prakash Gaba

Mon, 06 Feb 2012 08:20:30 +0530

Technically the trend is still intact up though the market looks stretched the logical technical target still is 5385 and beyond that to 5434, says Technical Analyst, Prakash Gaba.

Market to correct by 50% after 100 pts upmove: Manghnani

Fri, 03 Feb 2012 09:43:08 +0530

Anil Manghnani of Modern Shares and Stock Brokers tells CNBC-TV18 that the market will find a top within the next 100 points, after which a 50% correction is on the cards.

Which stocks are on Sudarshan Sukhani's buy/sell list?

Fri, 03 Feb 2012 08:59:01 +0530

Sudarshan Sukhani of s2analytics.com says the upward bias in the market will continue today as well. "The trend is up so take advantage of the dips," he says.

Support for Nifty at 5225: Gaba

Fri, 03 Feb 2012 08:08:54 +0530

The support for the Nifty is at 5225 and resistance at 5300-5385, says Technical Analyst, Prakash Gaba.