Market Today

Friday Market faced selling near 5000 on Nifty. It has closed near key the level of 4920. Auto & Bank stocks were weaker than market. Global market trend was weak during  Indian market hours.

A Poor weelky closing.  Protect Profit.

Market Breadth : 040

Market Trends : Short  term trend of market is down.  Medium term trend is UP.  Medium term trend of market will turn down if market closes bellow 4920 & 16620 for Nifty & Sensex respectively.

Support levels for Nifty are   4920 , 4900 ,  4840 , 4800 , 4760 , 4730 .

Resistance levels for Nifty are 5000 , 5050 , 5120 ,  5220 ,  5265 , 5470.

Breakout + Fresh Medium term Downtrend started in SBI , Patni Comp. , Adlabs Films , RIIL .

Breakout + Fresh Medium term UPtrend started in Zylog , Thermax , IDBI , Exide , Dewan Hsg.

Reading Glossary is recommended for better understanding of this column.

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This entry was posted on Friday, October 9th, 2009 at 3:51 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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