Nifty Today

Thursday Nifty failed to hold  intraday support of 5090 & then there was a crack. Short term trend of market  is down now. Global market trend was down  during  Indian market hours. 

As mentioned on 23 November “Fresh Buy Signal will fail if Nifty closes bellow 5050″ . Nifty closed at  5005 on 26 November resulting in a panic on Friday morning.

  -                                                                                                                         -                                                                                                                                                                                                                                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 4930 & 16630 for Nifty & Sensex respectively.

Support levels for Nifty are  4930 , 4900,  4855 , 4 700,  4670 , 4560 , 4520.

Resistance levels for Nifty are   5020, 5060, 5090,  5180 , 5330 , 5550 , 6200.

Breakout  Stocks of the day :  ITC.

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

Remove losers like these from your portfolio

HDIL SELL recommended at 344 now trading at 290 ,  Mphasis Sell recommended at 740 now trading at 650 ,  Unitech Sell recommended at 83 now trading at 72 ,  TechMahindra Sell recommended at 1000 now trading at 900 , Satyam sell recommended at 110 now trading at 89 , Oracle Fin Sell recommended at 2175 now trading at 2060 ,  Patni  sell recommended at 475 now trading at 427 , FinTech  sell  recommended at 1380 now trading at 1267 , JP Asso. sell recommended at 226 now trading at 206 , Jindal Steel & Power  sell recommended at 693 now trading at 640 , Kotak Bank sell recommended at 784 now trading at 740 ,

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This entry was posted on Thursday, November 26th, 2009 at 3:32 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.