Nifty Today
Click to enlarge the Nifty Chart
- Nifty is trading near the trend line support of 5450.
- 5300 possible on Nifty in next few days.
- Market Breadth: 1.45
- Nifty short term trend is down. Nifty Intermediate trend is up.
- ***(No. of Stocks in short term up trend) – (No. of stocks in short term down trend)= (91)-(164) =-73. ( Condition:VOLUME > 5 Lacs)
- Nifty up side Target : 5580 , 5690.
- Resistance for Nifty : 5490, 5520 , 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. Broad based trend of market may be opposite of that of Nifty.
Subscribers long positions
Engineers India Ltd. @ 332
Dabur @ 206.
Lupin @ 1870.
D S Kulkarni ltd. @ 82.
Shri Renuka Sugure @71
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This entry was posted on Thursday, August 26th, 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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