daily nifty technical analysis September 2010

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Free Nifty ChartNifty Technicals
  • Some stocks might face selling pressure tomorrow.
  • One can anticipate the short term trend to be up for Nifty. Its still down in the chart as there is no confirmation.
  • Market Breadth: 6.30
  • 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)= (120)-(108) =12. ( Condition:VOLUME > 5 Lacs)
  • Nifty up side Target : 5580 , 5690.
  • Resistance for Nifty : 5490, 5520 ,  5570 , 5600
  • Support for Nifty :  5450 ,5400, 5350, 5320, 5160, 5000.
  • As written yesterday  bulls have returned to  RIL.
  • Global markets may start fresh intermediate up trend.

Nishant Kalaskar

*** Reading Glossary strongly recommended for better understanding of this column.

Subscribers positions

RIL @ 930.

Ranbaxy @ 491.

Power Grid @ 108.

Engineers India Ltd. @ 332

Lupin @ 374.

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This entry was posted on Wednesday, September 1st, 2010 at 7:16 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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