Market Today
Click To ENLARGE Nifty Chart Free Nifty Technicals
- Nifty is on the verge of starting fresh intermediate downtrend.
- 5370 is important support level for Nifty & exit trigger for investors. Watch 5470.
- Market Breadth: 1.50
- 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)= (61)-(144) =-83. ( Condition:VOLUME > 5 Lacs)
- Nifty up side Target : 5580 , 5690.
- Resistance for Nifty :5450 , 5490, 5520 , 5570 , 5600
- Support for Nifty : 5400, 5350, 5320, 5160, 5000.
- RIL Target price : 900 & 750.
- Global markets are in intermediate downtrend.
Nishant Kalaskar
*** Reading Glossary strongly recommended for better understanding of this column.
Subscribers positions
Nifty 5300 Put Option @ 56.
Nifty 5400 Put Option @ 95.
Power Grid @ 108.
Engineers India Ltd. @ 332
Lupin @ 374.
The way up and the way down are the one and the same: Plato
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This entry was posted on Monday, August 30th, 2010 at 6:40 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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