Nifty Technicals

Observations & Possibilities:

• Nifty in a supply zone of 5130-5160. Moderate chances of short term downtrend.
• 5190 & 5400 levels are two possible but difficult  targets for Nifty’s intermediate uptrend.
• Any level above 5200 on Nifty  is a better exit opportunity for investors. Moderate risk in fresh long term(1to 3years)investment.

Market Technicals

Market Breadth : 0.80

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 , 5700.

-Nishant Kalaskar.(9881575125)

Tags: nifty technicals, nifty trend

This entry was posted on Friday, June 11th, 2010 at 5:39 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.