Nifty Today
Friday Nifty opened with 100 points gap on downside & touched 4800 in next two hours. After 1pm there was a sharp recover. High volatility. Global market trend was down during Indian market hours.
Poor weekly closing. Though Nifty has tested and closed above 4930, chances of medium term downtrend remains high.
- - Market Breadth : 0.30
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 4855 , 4 700, 4670 , 4560 , 4520.
Resistance levels for Nifty are 4900 , 5020, 5060, 5090, 5180 , 5330 , 5550 , 6200.
Breakout Stocks of the day : Suzlon.
Reading Glossary is recommended for better understanding of this column. -
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This entry was posted on Friday, November 27th, 2009 at 3:48 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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