Daily Nifty Analysis August 2010

Nifty Chart
Click to enlarge the free nifty chart
  • Expecting 3 to 5 % move in Nifty. 5700 & 5300 possible on Nifty in next week.
  • Sentiment will remains bullish as long as Nifty is holding 5470. Important hurdle 5600.
  • Market Breadth: 0.80
  • Nifty short term trend is up. Nifty Intermediate trend is  up.
  • ***(No. of Stocks in short term up trend) – (No. of stocks in short term down trend)= (209)-(56) =153. ( Condition:VOLUME > 5 Lacs)
  • Nifty up side Target : 5580 , 5690.
  • Resistance for Nifty :  5570 , 5600
  • Support for Nifty : 5460 , 5400, 5350, 5320, 4980.
  • RIL Target price : 900 & 750.
  • Global markets are in intermediate downtrend.

Nishant Kalaskar

*** Volume above 500000 indicates heavily traded stocks. The total number of stocks having volume 500000 & more may vary. Short term is vary sensitive. Stock is either in Short term up trend or downtrend. The difference between them gives idea about the broad based short term trend in market.

Subscriber are holding long positions in

Hathway @ 210

TV18 @ 82

Engineers India Ltd. @ 332

OIL @ 1430.

Dabur @ 206.


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This entry was posted on Friday, August 20th, 2010 at 5:40 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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