Market Outlook

Observations & Possibilities:

• Nifty is range bound between 4980 and 5050.
• Nifty remains in uptrend as long as its  holding 4960.
• 5190 & 5400 levels are two targets for Nifty’s intermediate uptrend.
• On 25th May Nifty has given a warning of long term bearishness in future. Any rally is a better exit opportunity for investors. Moderate risk in fresh long term investment.

Market Technicals

Market Breadth : 2.20

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

Intermediate trend of market will turn DOWN if market closes bellow 4960 for Nifty.

Support levels for Nifty are   4960 , 4840, 4680 , 4620 , 4200 , 3500.

Resistance levels for Nifty are 5025 , 5050 ,5125 , 5200, 5280 ,  5340 , 5400

-Nishant Kalaskar.(9881575125)

Tags: market outlook 9 june 10, nifty technicals 9 June 10

This entry was posted on Wednesday, June 9th, 2010 at 4:59 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.