Market Today
Nifty has broken bellow 4940. Medium term downtrend started.
Tuesday was a day of trend change. Bears on front foot now. Bank & Metal stocks leading the fall. Global market trend was down during Indian market hours.
- - Market Breadth : 0.10
Market Trends : Short term trend of market is down. Medium term trend is Down. Medium term trend of market will turn Up if market closes above 5180 & 17500 for Nifty & Sensex respectively.
Support levels for Nifty are 4840 , 4700 , 4560 , 4400.
Resistance levels for Nifty are 4900 ,4920 , 4980 , 5050 , 5120 ,5220 , 5265 , 5470.
Breakout + Fresh Medium term Downtrend started in ABB , DLF , IDBI , ICICI Bank , IDFC , IOB , JP Asso. , Moser Baer , Sesa Goa , Tata Comm. , Tata Tele(M) , ABG Shipyard , Adani Power , Noida Toll , Orchid Chem , Praj Ind , TWL.
Reading Glossary is recommended for better understanding of this column. -
Tags: Daily Nifty Analysis, medium term market trend sensex, medium term trend, medium trend of stocks, Nifty, nifty daily tips, nifty resistance, nifty support
This entry was posted on Tuesday, October 27th, 2009 at 3:43 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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