Nifty Today
Monday market opened with gap and remained in a trading range of 20-25 points on Nifty. Support near 5020. Resistance near 5090. Auto Stocks were strongest today. Global market trend was up during Indian market hours.
- - Market Breadth : 4.00
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 5030 , 4940 , 4900, 4855 , 4 700, 4670 , 4560 , 4520.
Resistance levels for Nifty are 5060, 5090 , 5180 , 5550 , 6200.
Breakout Stocks of the day : Rpower, Maruti.
Reading Glossary is recommended for better understanding of this column. -
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Tags: Breakout Stock, characteristics of trend, Daily Nifty Analysis, intermidate trend, market breadth analysis, maruti, medium term trend of stocks, Nifty, nifty daily tips, nifty resistance, nifty support, Nifty target, reliance power, RIL, sensex, share market, share trading, stock market, technical analysis of nifty, trading strategies, Trading tips
This entry was posted on Monday, November 16th, 2009 at 4:02 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.
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