Market Today

Tuesday  market was holding 4670 on NIfty  till 1.30 pm but later cracked that level & then  there was free fall in Nifty. Resistance above 4730. High volatility. Global market trend was down during Indian market hours.  

Market in strong downtrend.                                                                                                                                                                               -                                                                                                                              -                                                                                                                                                                                                                                   Market Breadth : 0.15   

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 4855 & 16370 for Nifty & Sensex respectively.

Support levels for Nifty are    4560 , 4520 , 4480 , 4400 , 4360 , 3870.

Resistance levels for Nifty are  4670 ,  4 700  4840 , 4900 .

Breakout + Fresh Medium term Downtrend started in  Infosys , Hindalco , HCL Tech , LIC Hsg Fin. , Oracle Fin. , PFC , SBI , TCS. (Many of these stocks were already in downtrend.)

 Reading Glossary is recommended for better understanding of this column.                                                                                                                                                  - 

Daily News Letter

Ultimate for  Investors following Medium term trend & are not agressively participating in market.
Get  Medium Term Trend of the Stocks.
Get  Buy& Sell recommendations Daily.
You will receive Daily News Letter  by email

See other details on product page.

Tags: breakout stocks, Bull market, DAILY CALLS, Daily Nifty Analysis, glossary technical analysis, market breadth analysis, medium term trend, medium term trend of stocks, Nifty, nifty resistance, nifty support, sotck market, stock trend, Stock trends, support for nifty, technical analysis of nifty, trading rules, trading strategies, Trading tips

This entry was posted on Tuesday, November 3rd, 2009 at 3:46 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.