Nifty Technical Analysis

Monday Nifty found its support near 5210. Intra day resistance  for Nifty was  near 5240. Auto  stocks were the strongest for the day while oil & gas  stocks were the weakest . Global market trend was up during  Indian market hours.

Nifty trading with very low Volatility , lowest in last two years.

-                                                                                                                         -

Market Breadth : -

Market Trends : Short  term trend of market is up.  Intermediate trend is UP.

Intermediate trend of market will turn DOWN if market closes bellow 5160 & 17323 for Nifty & Sensex respectively.

Support levels for Nifty  4985 , 4800 , 4 700.

Resistance levels for Nifty are 5180, 5330 , 5570 , 5630 ,  5740,5825 , 5950 , 6200

Breakout  Stocks of the day : Rcap , BPCL.

Reading Glossary is recommended for better understanding of this column.

-                                                                                                                                 -

SURPRISE Your Friends with the PROFIT!

• Thinksoft  Global  20% gains in ten days.
• Hindalco 12% gains in three days.
• Cox & Kings 8% in six days.
• Jyoti Structure 10% in 5 days.
• Deccan Chronicle 10% in 3 days.
• Canara Bank 5% in 4 days
• Reliance Infra. 3% in 3days

This entry was posted on Monday, January 4th, 2010 at 6:33 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.