Nifty Today


Nifty Chart 5 July 2010

NIFTY Outlook for July 2010

  • Chances of  decisive move of 2 to 5 % by Nifty in next 2 days. It seems today was the last day of dull downtrend.
  • 5230 & 5280 are important levels to watch on  Nifty in next few days.
  • American Nasdaq , S&P 500 have broken important support levels, this is a sign of long term bearishness across the globe. In 2010 Nifty held 4800 level thrice but in future there are moderate chances of Nifty not holding that famous support zone.
  • 5120 & 4950 are two targets for currant nifty downtrend.
  • Moderate to high risk in fresh long term ( 1 to 3 years) investment.

Market Technicals

Market Breadth : 0.60

Nifty Trends : Short term trend is down. Intermediate trend is DOWN.

Nifty Trend Reversal Point : 5340

Support levels for Nifty are    5200 , 5125 ,5050, 5025 , 4960 , 4840, 4680 , 4620 , 4200 , 3500.
Resistance levels for Nifty are 5280 ,5340 , 5400 , 5700.

Nifty Support levels are 5200 , 5120, 5050, 5025, 4960, 4840, 4680, 4620, 4200, 3500.

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

-Nishant Kalaskar(9881575125)

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This entry was posted on Monday, July 5th, 2010 at 4:18 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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