Global Weakness

Monday Global market trend was weak & negative. Chances of short term trend turning down are moderate in our market.   Securing  60 to 90 % of total profit is one of the best strategies now onwards.

 

Market Trends : Short  term trend of market is up.  Medium term trend is UP.  Medium term trend of marekt will turn down if market closes bellow 4780 & 16120 for Nifty & Sensex respectively.

Support levels for Nifty are  4940 , 4900 ,  4840 , 4800 , 4780 , 4730 , 4680 , 4650 , 4580.

Resistance levels for Nifty are  5000 , 5060 , 5220 , 5470 ,5650 , 5800 , 6380.

This entry was posted on Monday, September 21st, 2009 at 6:56 pm and is filed under Daily Updates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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