Market Today
Wednesday market opened with gap of 40 points on Nifty. But later on it got stuck in the range. A choppy day for intraday traders. Metal Stocks did the best today. Global market trend was up during indian market hours. ———————————————————————————————– Market Trends : Short term trend of market is up. Medium term trend is UP. Medium term trend of market will turn down if market closes bellow 4940 & 16620 for Nifty & Sensex respectively.
Support levels for Nifty are 5050 ,5000 ,4920 ,4900 ,4840 .
Resistance levels for Nifty are 5120 , 5220 , 5265 , 5470.
Breakout + Fresh Medium term UPtrend started in Cairn India , Bharat Forge , SBI , M&M , Jindal Steel , Corp. Bank , BOI. , BOB.
Breakout + Fresh Medium term Downtrend started in Ambuja Cement , BPCL.
Reading Glossary is recommended for better understanding of this column. -
Trendstoday Daily NewsLetter Performance
Dewan HSG. 35% Profit in 2 weeks. , Sesa Goa 17% Profit in 4 trading days , CanBank 8% Profit in 4 trading days. Bharti , Idea 15% profit in downfall.
Tags: Daily Nifty Analysis, medium term trend, medium term trend of stocks, Nifty, Nifty 50, nifty index, nifty resistance, nifty support, technical analysis of nifty
This entry was posted on Wednesday, October 14th, 2009 at 6:32 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.
Leave a Reply