NIFTY Technicals
NIFTY Outlook
- 5230 is important support on Nifty. Closing bellow it might add fuel in the downtrend.
- Nifty has given poor weekly closing.
- American indices Nasdaq , S&P 500 have broken important support levels on Wednesday, signs of long term bearishness across the globe. Now there are moderate chances of Nifty not holding 4800 – 4900 range in future.
- 5300 important resistance for Nifty on upside.
- 5120 or 4950 levels are targets for currant intermediate downtrend.
- Moderate to high risk in fresh long term(1 to 3 years) investment.
Market Technicals
Market Breadth : 0.50
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: free nifty technicals, nifty resistance, nifty support, nifty technicals, nifty today
This entry was posted on Friday, July 2nd, 2010 at 3:42 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.
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