NIFTY Today

Nifty Chart 29 June 10

NIFTY Outlook

  • Green Trendline & 5260  is Broken by Nifty today.
  • Intermediate downtrend started for Nifty.
  • 5120 or 4950 levels are targets for currant intermediate downtrend.
  • Moderate risk in fresh long term(1 to 3 years) investment.

Market Technicals

Market Breadth : 0.45

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

Intermediate trend of market will turn UP if market closes bellow 5370 for Nifty.

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

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


-Nishant Kalaskar.(9881575125)

Tags: , , , , , ,

This entry was posted on Tuesday, June 29th, 2010 at 3:51 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.

|

Leave a Reply