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NIFTY Outlook American index Nasdaq , S&P 500 have broken important support levels on Wednesday , signs of long term bearishness. Despite of Wednesday’s sharp recovery Nifty remains in Intermediate downtrend. 5300 is important support & 5340 important resistance for Nifty on Thursday. 5120 or 4950 levels are targets for currant intermediate downtrend. Moderate risk [...]
Tags: Nasdaq, nifty resistance, nifty support, nifty technicals, nifty tomorrow, nifty trendline, s&p 500 analysis
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Friday Market showed strenght in the morning. Faced selling near 4990. Got support near 4940. Pharma stocks outperformed market. Global market trend was down during Indian market hours. Out of two probabilities mentioned yestearday Nifty has failed to close above 5040 , now lets check the second probability of Nifty testing 4780. Picture will be [...]
Tags: breakout stocks, compressed stocks, Daily Nifty Analysis, medium term trend, Nasdaq, Nifty, nifty resistance, nifty support, sensex, stock, stock trend, Stock trends, technical analysis indicators, technical analysis of nifty, trading strategies
Posted in Daily Updates | Comments »