Trends Today

Nifty Today

Monday Nifty faced resistance 5130 and has broken the  last three days range. Auto stocks were the weakest while  capital gooods  stocks were stronger than market. Global market trend was down during  Indian market hours. 

 Breakout By Market.   

-                                                                                                                         -                                                                                                                                                                                                                              Market Breadth :  -

 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  5020, 4900 ,  4855 , 4 700. 

Resistance levels for Nifty are  5070,  5180 , 5330 , 5550 , 5700, 6200

Breakout  Stocks of the day :  Cairn India , RIL.

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

This entry was posted on Monday, December 7th, 2009 at 10:44 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.