market trend today & RIL target price

Click to enlarge the free nifty eod chart.
  • 2.45 pm: Nifty is on the verge of starting fresh intermediate downtreNifty Chartnd.
  • 2.45 pm: Its testing time for RIL investors. Important support for RIL 990. RIL’s  target price 900 , 750.
  • Market Breadth : 4.10
  • Market is in short term uptrend. Intermediate trend of market remains up.
  • (No. of Stocks in short term up trend) – (No. of Stocks in short term down trend) = 180 – 73 = 107. So the money is with bulls. (Volume  >500000 )
  • Nifty’s upside target is 5630. Nifty Resistance 5560.
  • Conservative bull’s stop : 5320
  • European markets will continue to see profit booking.
  • American Nasdaq Composite’s  target : 2350 , Important support 2270.

Nishant Kalaskar (09881575125)

Trendstoday

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This entry was posted on Monday, August 9th, 2010 at 5:18 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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