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Click to ENLARGE Nifty Chart. Nifty has taken support in 5700 zone. Traders can watch 5810 as important resistance & 5700 as support on Nifty on Wednesday. Moderate to high risk in initiating fresh long term investments. Nifty’s short term trend is down. Nifty’s Intermediate trend is Down. Nifty Target : 5400 , 4950. Resistance for Nifty : 5762, [...]
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Thursday Nifty opened with gap on upside and for next two hours the was positive sentiment in the market. But still Bears are having control over market and because of that market had sharp fall of 100 points in Nifty after testing 4930. Nifty intra day support was near 4960. Intra day resistance for Nifty [...]
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Friday Nifty moved in a two day range of 5100 to 5180 . Market just not sustaing above 5140. Auto stocks were the weakest while pharmacy stocks were stronger than market. Global market trend was down during Indian market hours. A cluster of three days trading range is formed on Nifty chart. Expect a decisive breakout soon. Two thoughts in the market : Analysts anticipating Double Top pattern [...]
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