Nifty Today

- Expecting 3 to 8 % sharp move from currant level in coming days. There is Possibility of 5550 on upside & 4950 on downside for Nifty.
- Short term indicators are not supporting the upmove above 5120 , this can be considered as the warning to bulls.
- Protect Gains. Protect Capital.
Market Technicals:
Market Breadth : 1.10
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 , 5160, 4950 , 4840 , 4800 ,4690 , 4650 , 4470, 4050 , 3300 .
Resistance levels for Nifty are 5300 , 5330 ,5400, 5570.

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Tags: Breakout Stock, DAILY CALLS, Daily Nifty Analysis, medium term trend, medium term trend of stocks, nifty resistance, nifty support, stock market, support for nifty, technical analysis of nifty, Trading tips
This entry was posted on Friday, March 19th, 2010 at 5:35 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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