Nifty Today
Tuesday Nifty was positive througout the day. Intraday support near 5080. FMCG stocks were the weakest despite of strong market. Global market trend was up during Indian market hours.
Today’s closing higest in last one month. Most probably market will continue making new highs in coming days.
- - Market Breadth : 11
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 5070 , 5020, 4900 , 4855 , 4 700.
Resistance levels for Nifty are 5180 , 5330 , 5550 , 5700, 6200.
Breakout Stocks of the day : United Phosphorus.
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Tags: Daily Nifty Analysis, Global market, market breadth analysis, medium term trend, nifty resistance, nifty support, Nifty target, Nifty Tips, RIL, sensex, share market, share trading, stock market, technical analysis of nifty, trading strategies, Trading tips
This entry was posted on Tuesday, December 1st, 2009 at 3:24 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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