Nifty Today
Friday Nifty intraday support 4940. Resistance near 5060. Short Term trend is up now. Bank Stocks were stronger than market today. Global market trend was directionless during Indian market hours.
Strong weekly closing. Nifty’s Closing above 5080 is trigger for fresh buying.
- - Market Breadth : 2.2
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 4930 & 16630 for Nifty & Sensex respectively.
Support levels for Nifty are 5020, 4940 , 4900, 4855 , 4 700, 4670 , 4560 , 4520.
Resistance levels for Nifty are 5060, 5090 , 5180 , 5550 , 6200.
Breakout Stocks of the day : ACC , Tata Steel.
Reading Glossary is recommended for better understanding of this column. -
Daily Trend Report Has an Eagle Eye
The Proof ?
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This entry was posted on Friday, November 20th, 2009 at 4:14 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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