Market Today

Tuesday  market faced selling near 4945 on Nifty . Nifty was unable to sustain above 4900. Some stocks faced selling pressure  as they are still in medium term down trend.  PSU Stocks were strongest today.  Global market trend was  weak but up during Indian market hours. .

Short term trend may turn down.

  -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth : 0.40  

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 ,4940 ,  5180 , 5550 , 6200.

Breakout  Stocks :  Cummins .

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

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This entry was posted on Tuesday, November 10th, 2009 at 3:38 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.