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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. [...]
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Saturday, January 30th, 2010
Surprised? …to read “Train”, “Jellyfish” & “Stock trend” in a row? All three of them have some qualities in common. Let’s check them one by one. The Train. Before starting the journey in one direction, the train keeps blowing the horn, as if asking everyone to take position! The Train doesn’t stop immediately once it [...]
Tags: relative strength, reliance power, RS, Stock selection, technical analysis article, volume
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Monday market opened with gap and remained in a trading range of 20-25 points on Nifty. Support near 5020. Resistance near 5090. Auto Stocks were strongest today. Global market trend was up during Indian market hours. - - Market Breadth : 4.00 Market Trends : Short term trend of market is Up. Medium term trend is Up. Medium term trend of market will turn Down [...]
Tags: Breakout Stock, characteristics of trend, Daily Nifty Analysis, intermidate trend, market breadth analysis, maruti, medium term trend of stocks, Nifty, nifty daily tips, nifty resistance, nifty support, Nifty target, reliance power, RIL, sensex, share market, share trading, stock market, technical analysis of nifty, trading strategies, Trading tips
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