Nifty Technical Analysis
Friday Nifty has given another directionless day. Intra day support for Nifty was near 5250 & resistance near 5270. Public Sector stocks were the strongest for the day while Oil & Gas stocks were weaker than market. Global market trend was down during Indian market hours.
Overall Lackluster Week.
In peace prepare for war , in war prepare for peace. – Lao Tsu
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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 5180 , 5130 , 5080 , 4985 , 4800 , 4 700.
Resistance levels for Nifty are 5240 , 5330 , 5570 , 5630 , 5740,5825 , 5950 , 6200
Breakout Stocks of the day : RCom.
Reading Glossary is recommended for better understanding of this column.
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Tags: Breakout Stock, Daily Nifty Analysis, market breadth analysis, medium trend of stocks, Nifty, Nifty 50, nifty resistance, nifty support, sotck market, technical analysis of nifty, Trading tips
This entry was posted on Friday, January 15th, 2010 at 6:04 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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