Nifty Today
Click to Enlarge the Chart
- 2.05 pm , 6 Aug 10 : Sharp selling in German Dax.
- 8.10 am , 6 Aug 10 : Global Trend is weak and down at present. Watch 5430.
- Nifty is back in the range of (5350-5450). Chances of yesterday’s breakout failure are there now.
- Some stocks may recover on Friday only if Nifty sustains above 5430.
- Watch RIL at 980-1000. Failure to hold that may create panic in Market.
- Market Breadth : 0.40
- Market is in short term uptrend. Intermediate trend of market remains up.
- Nishant’s Oscillator indicating maximum upside up to 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 might come under pressure due to profit booking now.
- American Nasdaq Composite’s target : 2350.
Nishant Kalaskar (09881575125)
Tags: global trend, nifty resistance, nifty support, nifty techincals, nifty tocay, technical analysis of nifty
This entry was posted on Thursday, August 5th, 2010 at 7:43 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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