NIFTY technicals

Observations & Possibilities:

• Few more dull days possible.
• 5200  is important support for Nifty on 24 June 10 .
• 5400 targets for Nifty’s intermediate uptrend.
• Moderate risk in fresh long term(1to 3years)investment.

Market Technicals

Market Breadth : 1.80

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

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

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

Resistance levels for Nifty are 5340 , 5400 , 5700.

-Nishant Kalaskar.(9881575125)

Tags: nifty technicals, nifty today, nifty trendline

This entry was posted on Wednesday, June 23rd, 2010 at 6:29 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.