Nifty Technicals

NIFTY Outlook

Long term Nifty chart at the end of this column.

• A directionless day for Nifty today. Expecting  more than 2 to 5 % move in next few days. This brings 5600 & 5230 levels on Nifty  in picture. Its time to stay highly alert.
• Sentiment will remain bullish as long as nifty is holding 5355.
• 5460 & 5620 levels are possible targets for Nifty on Upside.
• Moderate to hight risk in fresh long term (1 to 3 years) investment.

Market Technicals

Market Breadth: 0.90

Nifty Trends : Short term trend is up. Intermediate trend is  UP.

Nifty Trend Reversal Point : 5225

Nifty Support levels are 5355 , 5300 , 5280 , 5250 , 5180 , 5150

Nifty Resistance levels are 5400 , 5460 , 5530 , 5650.

Nishant Kalaskar.

Tags: nifty chart, nifty resistance, nifty support, nifty technicals, nifty today

This entry was posted on Thursday, July 15th, 2010 at 5:06 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.