Nifty Technicals

Nifty 22 March 10
Observations:
  • Market has decided to test  5100 on Nifty , the level bellow which Intermediate trend will turn down. Lets see what happens at 5100 on Nifty.
  • Short term trend is down now.
  • Sharp moves possible.
  • Protect Gains. Protect Capital.

Market Technicals:

Market Breadth : 0.25

Market Trends : Short  term trend of market is down. 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  5160, 5000 ,  4950 ,  4840 , 4800 ,4690 , 4650 , 4470, 4050 , 3300 .

Resistance levels for Nifty are 5240 ,5300 , 5330 ,5400,  5570.


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This entry was posted on Monday, March 22nd, 2010 at 3:48 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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