Trends Today » Areva T&D http://www.trendstoday.in JOIN Technical Analysis Course in Pune. Register NOW for FREE Nifty Technicals Email Thu, 09 Feb 2012 12:58:59 +0000 en hourly 1 http://wordpress.org/?v=3.1.1 NSE Nifty Analysis http://www.trendstoday.in/2010/05/14/nifty-mail/ http://www.trendstoday.in/2010/05/14/nifty-mail/#comments Fri, 14 May 2010 12:14:38 +0000 Nishant Kalaskar http://www.trendstoday.in/?p=1419 Nifty Chart 14 May 10

Reading Glossary is recommended for better understanding of this column

Observations & Possibilities:

  • Market has resumed its Intermediate downtrend.
  • 4850 & 4620 levels are possible on downside for Nifty .
  • Market has given poor weekly closing.
  • Intermediate trend of Nifty will turn UP if  it  closes above 5210.
  • The  red trend line in the chart is important supply zone.
  • Moderate risk in initiating  fresh long term investment.(See the bearish stocks at the bottom.)

Market Technicals:

Market Breadth : 0.70

Market Trends : Short  term trend of market is down. Intermediate trend is DOWN.

Intermediate trend of market will turn UP if market closes above 5210 for Nifty.

Support levels for Nifty are  5050, 4840 , 4680 , 4200 , 3500.

Resistance levels for Nifty are 5120 ,5200,5280 ,  5340 , 5400, 5570 , 5740.

Bearish Stocks : Areva T&D , Educomp Solution , HOEC ,Ispat , Jayashri Tea , Century Enka , Provouge ,Reliance Capital ,  Sterlite Industries ,  Suzlon , WWIL ,

-Nishant Kalaskar.(9881575125)
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