Nifty Today

Thursday Nifty found intraday support near 5020. Intraday resistance near 5040. Banks  stocks were the weakest  while pharma stocks were the strongest for the day . Global market trend was mix during  Indian market hours. 

4th Poor weekly closing by market in last three months.

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Market Breadth : 0.40

Market Trends : Short  term trend of market is down.  Intermediate trend is DOWN.

Intermediate trend of market will turn up if market closes bellow 5183 & 17350 for Nifty & Sensex respectively.

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

Resistance levels for Nifty are 5020, 5180 , 5330 , 5550 , 5700, 6200

Breakout  Stocks of the day : RIL.

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

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This entry was posted on Friday, December 18th, 2009 at 3:56 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.