ALL ABOUT NIFTY

NIFTY VIEW

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• Nifty remains range bound in the five week old trading range of 5350-5470.
• Market Breadth: 2.60
• Nifty short term trend down. Nifty is in Intermediate downtrend .
• (No. of Stocks in short term up trend) – (No. of stocks in short term down trend)= (136)-(117) =19. ( Condition:VOLUME > 5 Lacs)
• Nifty Down side Target : 5260 , 5120.
• Resistance for Nifty : 5460 , 5490 , 5570.
• Support for Nifty : 5350 , 5320, 4980.
• Upside bounce in RIL is possible but trend remains down. RIL Target price : 900 & 750.
• Global markets are in intermediate downtrend.

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