Market Watch

Observations & Possibilities:

• Inverted Head & Shoulder formed on Nifty chart.
• Nifty remains in uptrend as long as its  holding 4960.
• 5190 & 5400 levels are two targets for Nifty’s intermediate uptrend.
• Any rally is a better exit opportunity for investors. Moderate risk in fresh long term investment.

Market Technicals

Market Breadth : 4.70

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

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

Support levels for Nifty are  5050, 5025 , 4960 , 4840, 4680 , 4620 , 4200 , 3500.

Resistance levels for Nifty are  5125 , 5200, 5280 ,  5340 , 5400.

-Nishant Kalaskar.(9881575125)

Tags: head and shoulder on Nifty, market breadth, market breadth analysis, nifty chart, nifty techanical analysis 10 june 10

This entry was posted on Thursday, June 10th, 2010 at 5:21 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.