Nifty outlook for Next week

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Nifty Chart
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  • Nifty is stuck in the range of 5470-5515. Lets see in which direction Nifty breaks the range on Monday.
  • Market Breadth: 0.80
  • Nifty short term trend is up. Nifty Intermediate trend is up.
  • Nifty RSI is  near the previous trend line support shown in the Nifty chart above.
  • ***(No. of Stocks in short term up trend) – (No. of stocks in short term down trend)= (210)-(39) =171. ( 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.
  • Global markets are in intermediate up trend.

Nishant Kalaskar

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

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This entry was posted on Friday, September 3rd, 2010 at 5:30 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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