Nifty Technical Analysis
- Breakout by Nifty today from the 3 week old trading range.
- Market Breadth : 1.00
- Market is in short term uptrend. Intermediate trend of market remains up.
- Nishant’s Oscillator indicating maximum upside of 5690 to Nifty in near term.
- Nifty’s upside target is 5630. The red trendline (5560) shown in chart bellow can act as resistance to nifty.
- As written On Monday European markets are under pressure due to profit booking now.
- American Nasdaq Composite’s target : 2350.
Nishant Kalaskar (09881575125)
Tags: Breakout nifty, european markets, market breadth, nasdaq target, nifty today, nifty trend, trading range
This entry was posted on Wednesday, August 4th, 2010 at 5:10 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