September 3, 2010 - Nifty outlook for Next week

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Free Nifty Technicals

Nifty is stuck in the range of 5470-5515. Lets see in which direction Nifty breaks the range on Monday.
Market Breadth: 0.80
Nifty short term trend is up. Nifty Intermediate trend is up.
Nifty RSI is near the previous trend line support shown in the Nifty chart above.
***(No. of Stocks in short term up trend) – (No. of stocks in short term down trend)= (210)-(39) =171. ( Condition:VOLUME > 5 Lacs)
Nifty up side Target : 5580 , 5690.
Resistance for Nifty : 5490, 5520 , 5570 , 5600
Support for Nifty : 5450 ,5400, 5350, 5320, 5160, 5000.
Global markets are in intermediate up trend.

Nishant Kalaskar

*** Reading Glossary strongly recommended for better understanding of this column.

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