Nifty Today

Call 9881575125 to Subscribe Swing Trading Calls

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Observations & Possibilities:

• The effect of  Thursday’s down move will get erased if Nifty closes above 5400. Its bearish effect is still there.
• Nifty may test 5230, the level bellow which intermediate trend will turn down. Failure to hold 5230 makes 5080 & 5000 possible on downside.
• Closing above 5400 will bring 5570-5600 in picture.
• Higher risk in initiating  fresh long term investment.

Market Technicals:

Market Breadth : 0.80

Market Trends : Short  term trend of market is down. Intermediate trend is UP.

Intermediate trend of market will turn DOWN if market closes bellow 5200 & 17340 for Nifty & Sensex respectively.

Support levels for Nifty are 5300 , 5230 .

Resistance levels for Nifty are  5400,  5570 , 5740.

-Nishant Kalaskar.  (9881575125)

Tags: Breakout Stock, DAILY CALLS, Daily Nifty Analysis, medium term trend, nifty resistance, nifty support, Nifty Tips, technical analysis of nifty, trading strategies, Trading tips

This entry was posted on Monday, April 12th, 2010 at 6:41 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.