Moneycontrol Technicals

Bounceback come gone; race to 4800 is on: Sukhani

Wed, 16 May 2012 08:28:56 +0530

Sudarshan Sukhani of s2analytics.com tells CNBC-TV18 that traders should start building short positions again because the downtrend is back.

Outlook for mkt negative; Nifty headed to 4800: Jai Bala

Tue, 15 May 2012 10:28:06 +0530

Jai Bala, chief market technician at Cashthechaos.com says the outlook for the market is negative and that the Nifty is headed towards 4800.

Trade remains on short side; mkt range to be small: Sukhani

Tue, 15 May 2012 08:25:44 +0530

The market seems to be unwilling to let go of its downward slide, and therefore Sudarshan Sukhani of s2analystics.com says trades should be on the short side.

16167-15711 range to be tested: Hitendra Vasudeo

Mon, 14 May 2012 08:52:06 +0530

Hold short position with a stop loss of 17000. Exit long and sell on rise to 16490-16747 with a stop loss of 17000. Cover short positions at 16036-15326 range, says Hitendra Vasudeo.

Trend is down, Nifty may slip to 4700: Sudarshan Sukhani

Mon, 14 May 2012 08:28:30 +0530

Sudarshan Sukhani of s2analytics.com says, the market is still in a downtrend. "The Nifty may slip to 4,700-4,800," he says.

Nifty to breach 4900; sell on intraday breakdowns: Sukhani

Fri, 11 May 2012 08:43:43 +0530

It has been a steady downwards trend for the Nifty throughout this week and Sudarshan Sukhani, s2analytics.com sees the market closing the week on a lower note.

Don't trade Nifty today, suggests Sudarshan Sukhani

Thu, 10 May 2012 08:30:31 +0530

The Nifty stayed lower for the second consecutive session on Wednesday amid Greece concerns and depreciating rupee. It declined 25.15 points to end at 4,974 yesterday.

Don't buy Nifty even for intraday trade today: Sukhani

Wed, 09 May 2012 08:39:06 +0530

The Nifty closed at sub 5000 levels yesterday, so a Nifty trade should approach it to sell it, Sudarshan Sukhani of s2analytics.com told CNBC-TV18. He doesn't see Nifty finding support even at 5,000 levels. "It just needs a small push for it to reach 4,800 and that could be very fast," he cautioned.

Build short positions if Nifty moves towards 5200: Sukhani

Tue, 08 May 2012 08:21:34 +0530

Sudarshan Sukhani of S2analytics.com sees Nifty moving in a 200 points range in the near term. In an interview to CNBC-TV18, Sukhani said that the upper range for the Nifty would be 5,200 while the lower range would be 5,000.

Nifty may hit 4900, Re can touch 57: cashthechaos.com

Mon, 07 May 2012 09:44:45 +0530

The Indian market has been trading weak for sometime now. Today, the Nifty has broken the 5,000 mark. The picture is very negative for the market, says Jai Bala, chief market technician of cashthechaos.com.

Don't short Nifty now, advises Sudarshan Sukhani

Mon, 07 May 2012 08:27:49 +0530

On Friday, the Nifty closed below the 5,100 level. In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com says, a lot of shorts could have been covered on Friday afternoon. "Don’t short now. This is not the time to go short on the Nifty," he advises.

Retracement levels being tested: Hitendra Vasudeo

Mon, 07 May 2012 08:04:00 +0530

Retracement levels are being tested and if a recovery comes from the current level or from 16257 or from projection levels of 16167 or 15711 may show reversal to move higher near 18523.

Important for Nifty to hold 5080: Anil Manghnani

Fri, 04 May 2012 09:31:21 +0530

The Nifty has been on a weak wicket over the last couple of sessions. Anil Manghnani, Modern Shares Stock Brokers says, the Nifty is back in the 5,200-5,100 range. According to him, 5,080 is the major level.

Nifty may breakdown, short on rally: Sudarshan Sukhani

Fri, 04 May 2012 08:22:39 +0530

Sudarshan Sukhani of s2analytics.com says, the Nifty is coming down. "Trend is down. Short on any rally," he advises.

Expect Nifty to break 5200 and drift lower in May: Sukhani

Thu, 03 May 2012 08:26:43 +0530

The Nifty held on to the 5250-mark for the better part of Wednesday and closed at 5239.15 levels. In an interview to CNBC-TV18 Sudarshan Sukhani of S2analytics.com said, the trend for the market for the month of May is on the downside.