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