Nifty Today

Nifty 18 March 10

Observations:

  • Short term indicators are not supporting the upmove above 5120 , this can be considered as the warning to bulls.
  • Protect Gains , as Nifty is in the very important resistance zone of 5200-5300
  • 5400  is looking possible now.

Market Technicals:

Market Breadth : 1.70

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 5240 , 5155, 4950 ,  4840 , 4800 ,4690 , 4650 , 4470, 4050 , 3300 .

Resistance levels for Nifty are 5300 , 5330 ,5400,  5570.

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This entry was posted on Thursday, March 18th, 2010 at 4:32 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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