Nifty Today

Thursday Nifty intraday resistance near 5140. Support near 4990. Consumer durables stocks were the weakest while Capital goods stocks were stronger than market. Global market trend was directionless & weak during  Indian market hours. 

Trend extreamly weak.

-                                                                                                                         -                                                                                                                                                                                                                              Market Breadth :  1.90

 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 5050 & 16940 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 :  BHEL.

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

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This entry was posted on Thursday, December 10th, 2009 at 3:30 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.