Nifty Today
Tuesday Nifty intraday support 5060. Resistance near 5110. Auto stocks were stronger than market today while metal stocks were weakre. Global market trend was down during Indian market hours.
Moderate chances of short term downtrend.
- - Market Breadth : 0.60
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 5060 , 5020, 4940 , 4900, 4855 , 4 700, 4670 , 4560 , 4520.
Resistance levels for Nifty are 5090 , 5180 , 5550 , 6200.
Breakout Stocks of the day : Maruti.
Reading Glossary is recommended for better understanding of this column. -
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This entry was posted on Tuesday, November 24th, 2009 at 4:35 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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