Nifty Today

Friday Nifty intraday resistance near 5180. Support near 4990. Bank  stocks were the weakest while Capital goods stocks were stronger than market. Global market trend was directionless during  Indian market hours. 

 Directionless week.  Breakout will bring fresh positions.

-                                                                                                                         -                                                                                                                                                                                                                              Market Breadth :  -

 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 :  Educomp Soln.

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

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This entry was posted on Friday, December 11th, 2009 at 8:59 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.