Nifty Technicals
NIFTY Outlook
- Nifty may test 5340 in next few days. Lets see if it starts fresh intermediate uptrend or not.
- Some stocks may resume the downtrend tomorrow. 5305 is important resistance to watch on Nifty tomorrow.
- 5120 & 4950 are two targets for currant nifty downtrend.
- 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.
- Moderate to high risk in fresh long term ( 1 to 3 years) investment.
Market Technicals
Market Breadth : 2.70
Nifty Trends : Short term trend is up. 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 5280, 5200 , 5120, 5050, 5025, 4960, 4840, 4680, 4620, 4200, 3500.
Nifty Resistance levels are 5340, 5400, 5700.
-Nishant Kalaskar(9881575125)
Tags: nifty outlook, nifty technicals, nifty tomorrow, stock trend
This entry was posted on Tuesday, July 6th, 2010 at 5:30 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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