Nifty Today

Tuesday   Nifty Support near 5020.  Resistance near 5060. IT Stocks were strongest today. Global market trend was down during  Indian market hours. 

Moderate chances of short term trend turning down.

  -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth :  1.00  

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 : PFC , TCS , Sterlite.

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

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This entry was posted on Tuesday, November 17th, 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.