Nifty Today

Tuesday Nifty intraday resistance near 5120. Important support of 5070 broken today. Bank  stocks were the weakest . Global market trend was down during  Indian market hours. 

 Medium Term Downtrend started today.

-                                                                                                                         -                                                                                                                                                                                                                              Market Breadth :  0.30

 Market Trends : Short  term trend of market is down.  Medium term trend is DOWN.  Medium term trend of market will turn up if market closes bellow 5183 & 17350 for Nifty & Sensex respectively.

Support  levels for Nifty are  5020, 4985 , 4900 ,  4855 , 4 700. 

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

Breakout  Stocks of the day :  Andhra Bank.

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

Tags: Breakout Stock, DAILY CALLS, Daily Nifty Analysis, Global market, market breadth, market breadth analysis, medium term trend of stocks, nifty resistance, nifty support, stock market, technical analysis of nifty, trading strategies, Trading tips

This entry was posted on Tuesday, December 15th, 2009 at 10:35 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.