market technical analysis

Nifty Chart
Click To Enlarge the NIFTY CHART
  • Watch 5400 on Nifty , Cracking that level might trigger fresh selling in market.
  • Market Breadth: 0.60
  • Nifty short term trend is down. Nifty Intermediate trend is  down.
  • (No. of Stocks in short term up trend) – (No. of stocks in short term down trend)= (129)-(95) =34. ( Condition:VOLUME > 5 Lacs)
  • Nifty Down side Target : 5260 , 5120.
  • Resistance for Nifty : 5460 , 5490 , 5570.
  • Support for Nifty : 5400, 5350, 5320, 4980.
  • Nishant’s Oscillator has made fresh one month low & has also broken the blue trend line shown in the chart above. Bearish signal.
  • RIL Target price : 900 & 750.
  • Global markets are in intermediate downtrend.

Nishant Kalaskar

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This entry was posted on Monday, August 16th, 2010 at 5:28 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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