Nifty Today
Observations:
- Short term indicators are not supporting the upmove above 5120.
- Protect Gains , as Nifty is near the very important resistance zone of 5200-5300
- 5400 is looking possible now.
Market Technicals:
Market Breadth : 1.50
Market Trends : Short term trend of market is up. Intermediate trend is UP.
Intermediate trend of market will turn DOWN if market closes bellow 5100 & 17050 for Nifty & Sensex respectively.
Support levels for Nifty are 5220, 5155, 4950 , 4840 , 4800 ,4690 , 4650 , 4470, 4050 , 3300 .
Resistance levels for Nifty are , 5240 , 5330 ,5400, 5570.
This entry was posted on Wednesday, March 17th, 2010 at 3:57 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.
Leave a Reply