Nifty Today

Thursday   Nifty faced selling pressure right from the start. Resistance near 5050. Short Term trend is down now. Metal &  Bank Stocks were weaker than market  today. Global market trend was Down during  Indian market hours. 

 Some stocks may bounce  tomorrow. Protect Profit on your investment.

  -                                                                                                                         -                                                                                                                                                                                                                                Market Breadth :  0.20  

Market Trends : Short  term trend of market is Down.  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  4940 , 4900,  4855 , 4 700,  4670 , 4560 , 4520.

Resistance levels for Nifty are  5020 , 5060,  5090 ,  5180 , 5550 , 6200.

Breakout  Stocks of the day :  Voltas.

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

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This entry was posted on Thursday, November 19th, 2009 at 3:46 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.