Trends Today » short term http://www.trendstoday.in JOIN Technical Analysis Course in Pune. Register NOW for FREE Nifty Technicals Email Thu, 09 Feb 2012 12:58:59 +0000 en hourly 1 http://wordpress.org/?v=3.1.1 Market Today http://www.trendstoday.in/2009/09/29/market-today-25/ http://www.trendstoday.in/2009/09/29/market-today-25/#comments Tue, 29 Sep 2009 10:36:54 +0000 Nishant Kalaskar http://www.trendstoday.in/?p=246 Tuesday Market opened with gap. Faced selling near 5020 on Nifty in the moring. It remained in the range of 5020 to 4990 for the rest of the day. A dull day for market. Auto stocks and Metal stocks underperformed market today. IT stocks did better than market. Global market trend was directionless during indian market hours.

Breaking  5040 on Nifty is needed for smooth up trend or Market will test the key point of 4900 on Nifty bellow which the new Medium term downtrend will start.

Market Breadth  : 1.10

Market Trends : Short  term trend of market is up.  Medium term trend is UP.  Medium term trend of market will turn down if market closes bellow 4900 & 16490 for Nifty & Sensex respectively.

Support levels for Nifty are 5000 , 4940 , 4900 ,  4840 , 4800 , 4780 , 4730 , 4680 , 4660 , 4580 , 3900.

Resistance levels for Nifty are 5040 ,  5060 ,  5220 ,  5470 , 5650 ,  5800 ,  6380.

Breakout Stocks MRPL , Mphasis , HUL , ICSA , Hanug Toys , GSPL.

Fresh Medium Term Downtrend  has started in Aditya Birla Neo. , FinTech , Tulip Tele.

Fresh Medium Term UpTrend  has started in Sun Pharma , MRPL , Glenmark Pharma , Cipla , Chennai Petro ,  Dewan Hsg. , Core Proj , .

Reading Glossary is recommended for better understanding of this column.

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