FREE NIFTY Technicals: Nifty Chart , Support & Resistance Levels, Market Breadth, Nifty Trends, Nifty RSI Analysis.
Reading Glossary is recommended for better understanding of this column
Observations & Possibilities:
Nifty has broken 4960 decisively.
In short term 4850 & 4620 levels are possible on downside for Nifty. 4200 possible in few months on NIfty.
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 [...]
Tags: Century Textile, Fortis Healthcare, GTL Infra, hindalco, IDBI Bank, IDEA, Jindal SAW, market watch, Mercator Lines, NHPC, NMDC, Power Grid, Ranbaxy Lab, Reliance Industries, Reliance Infrastructure, reliance power, SAIL, Triveni Eng.
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Reading Glossary is recommended for better understanding of this column
Observations & Possibilities:
High volatility seen in market. 4980 acting as important support on Nifty.
4850 & 4620 levels are possible on downside for Nifty .
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 [...]
Tags: Aptech ltd., BHEL, Jaiprakash Associates Ltd., Kingfisher Airline ltd., Moser Baer (I) Ltd, NHPC, Prakash Industries Ltd., Rolta India Ltd.
Posted in Daily Updates | Comments »