Nifty Trend

  • Nifty needs to sustain above 5200 to remain bullish on Monday.
  • Nifty is trading near the significant supply zone of 5150-5300.  Failure to cross this supply zone will prove currant market levels as “Better Exit Opportunity Zone” for  investors.
  • If  Nifty breaks & sustains above 5300 then it can give magnificent returns in 2012.
  • Nifty’s Intermediate trend is Up.
  • Nifty target:  5150(hit)
  • Resistance for Nifty:   5150 , 5200, 5250.
  • Support for Nifty:  4930 , 4850 , 4780.
  • Bank Nifty is in intermediate Up trend.
  • CNX IT is in Up trend.
  • Indian CNX 500 index is in Up trend.
  • American Dow Jones Industrial Avg. is in intermediate Up trend.
  • German Dax Composite Index is in intermediate Up trend.
  • Gold is in Up trend.
  • Silver is in Up trend.
  • Crude Oil is in Down trend.
  • American dollar is in Down trend.

Thank You

Nishant Kalaskar.

 

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This entry was posted on Friday, January 27th, 2012 at 9:30 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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