Market Today

Monday  market has crossed 4855 on Nifty on closing basis. Medium term trend of market is UP now. Bank Stocks were strongest today.  Global market trend was  up during Indian market hours. .

Expect big moves in coming days.

 -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth : 5.50  

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 above 4540 & 15330 for Nifty & Sensex respectively.

Support levels for Nifty are  4855 , 4 700,  4670 , 4560 , 4520 , 4480 , 4400 , 4360 , 3870.

Resistance levels for Nifty are   4900 , 5180 , 5550 , 6200.

Breakout  Stocks :  SBI , Axis Bank .

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

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Tags: breakout stocks, characteristics of trend, Daily Nifty Analysis, Global market, market breadth analysis, medium term trend, medium term trend of stocks, nifty resistance, nifty support, stock market, technical analysis of nifty, technical trend, trading range, trading strategies, Trading tips

This entry was posted on Monday, November 9th, 2009 at 3:32 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.