Nifty Trend : Nifty Technical Views

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avish22

Nifty Trend : Nifty Technical Views

Post by avish22 » Wed Jul 07, 2010 12:16 pm

It was a choppy day for the Indian markets which saw poor cues from global markets and traded negative causing the Nifty to breach the 5250 level. In the continuation of mixed global markets, tomorrow Indian Stock Market may open flat and likely to move in a range bound manner. If Nifty sustains above 5,280 levels then further up move may be seen in the market towards 5,300-5,330 levels. On other hand downside if it falls below 5,240 levels then selling pressure may get intensify and nifty may test 5,220-5,200 levels.

Technically, Nifty could take resistance at 5300-5328-5380 and support at 5232-5208-5178.

The Sensex should find resistances at 17580-17640-17750 and supports at 17400-17320-16238.

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