Market Today

Thursday  market in range of   5010 & 4970 on from last two days. After breaking 4970 level on Nifty yestearday today it has returned back in that range.  support near 4920.  Auto Stocks were strongest today. .  Global market trend was directionless during Indian market hours. Indian market was the strongest today.

Strong weekly closing. Uptrend may lose steam if market fails to breakout towards 5180 on Nifty  in the next week.

  -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth :  1.60  

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   5030, 5060 , 5090 ,  5180 , 5550 , 6200.

Breakout  Stocks of the day : ONGC, Maruti.

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

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This entry was posted on Friday, November 13th, 2009 at 3:47 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.