Market Today

Wednesday  market was fueled by RIL ’s up move . Nifty support near 4860.  IT Stocks were strongest today.  Global market trend was up during Indian market hours. 

Some stocks may see profit booking by investors.

  -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth :  15.40  

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 4940 , 4900,  4855 , 4 700,  4670 , 4560 , 4520.

Resistance levels for Nifty are   4900 ,4940 ,  5180 , 5550 , 6200.

Breakout  Stock of the day : Tata Motors .

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

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This entry was posted on Wednesday, November 11th, 2009 at 3:33 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.