FREE NIFTY Technicals, Support & Resistance Levels, Market Breadth, Nifty Trends, Nifty Outlook & Nishant's Oscillator
Monday. Nifty failed to sustain above 4840. As written on Thursday many stocks faced selling pressure throughout the day. Nifty established 4790 as intra day support. Intra day resistance for Nifty was near 4840. IT stocks were strongest for the day. Global market trend was direction less & weak during Indian stock market hours.
Observations:
The weak recovery [...]
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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 are recommending [...]
Tags: Daily Nifty Analysis, free technical analysis, Free trading tips, nifty resistance, nifty support, stock market, technical analysis of nifty, trading strategies, Trading tips, trend
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