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NIFTY Outlook Green Trendline & 5260 is Broken by Nifty today. Intermediate downtrend started for Nifty. 5120 or 4950 levels are targets for currant intermediate downtrend. Moderate risk in fresh long term(1 to 3 years) investment. Market Technicals Market Breadth : 0.45 Market Trends : Short term trend of market is down. Intermediate trend is DOWN. Intermediate trend [...]
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Reading Glossary is recommended for better understanding of this column Observations & Possibilities: Market has resumed its Intermediate downtrend. 4850 & 4620 levels are possible on downside for Nifty . Market has given poor weekly closing. 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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