Nifty Today
Wednesday Nifty Support near 5050. Resistance near 5075. Choppy day for market. Metal Stocks were strongest today. Global market trend was UP during Indian market hours.
Market has formed a Compressed Day. Expect 2 to 5 % move on Up or Downside.
- - 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 bellow 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 : IDFC , RIL.
Reading Glossary is recommended for better understanding of this column. -
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This entry was posted on Wednesday, November 18th, 2009 at 3:34 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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