Nifty Technicals

Observations & Possibilities:

• Nifty hit 2nd target of 5340 today.
• Holding 5335 level (blue trendline)  is very important for Nifty to remain bullish on Tuesday.
• 5160(green trendline)  is important support for Nifty on 22 June 10 .
• 5400 targets for Nifty’s intermediate uptrend.
• Moderate risk in fresh long term(1to 3years)investment.

Market Technicals

Market Breadth : 6.50

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

Intermediate trend of market will turn DOWN if market closes bellow 5206 for Nifty.

Support levels for Nifty are  5340 , 5280 , 5200 , 5125 ,5050, 5025 , 4960 , 4840, 4680 , 4620 , 4200 , 3500.

Resistance levels for Nifty are  5280 ,  5340 , 5400 , 5700.

-Nishant Kalaskar.(9881575125)

Tags: Nifty target, nifty technicals for 22 june 10, trendlline

This entry was posted on Monday, June 21st, 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.