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3 August 11.40 am: Nifty is trading near the resistance/upper end of the trading range(5360). See if it breaks up out or not. 9.30 pm : European Dax is trading at the important resistance of 6300. There is limited upside to European markets due to chances of profit booking/ profit protection. Market Breadth : 5.80 Some stocks [...]
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Wednesday. Nifty had a strong opening with gap in the morning. Above 4910 Nifty faced selling and was moving sideways with very low bull power. Nifty established 4885 as intra day support. Intra day resistance for Nifty was near 4930. Metal stocks were strongest for the day. Global market trend was up during Indian stock market [...]
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