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Nifty Next Week Trend Vijay

From : Vijay Dongre at 06:04 PM - Feb 05, 2010 ( )

Nifty has broken vital support base of 4750 to 4800 today & also made closing below it. As we had already mentioned in our previous reports that the down trend could be continue in market & we could see the level of 4700, so today it happened. Now we could see the major support base around the level of 4650. If nifty breaks this level & closes below, it could reach to the level of 4500. We recommend that traders should go for sell on Nifty future around 4750 level...



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From : Vijay Dongre at 06:58 PM - Feb 06, 2010 ( )

Thank You Kunjuraman Sharavanank Ji...

From : Kunjuraman Sharavanank at 10:59 PM - Feb 05, 2010 ( )

you are absolutely correct vijay.

From : Vikramjeet Singh at 10:52 PM - Feb 05, 2010 ( )

yes right

From : Gautam Mvs at 10:46 PM - Feb 05, 2010 ( )

Nifty next support 4570 The Indian markets seemed to be in a hurry to prove the proponents of decoupling wrong yet again. Signifying the extent of market integration, the domestic bourses danced to the global tunes yet again. The US markets had sold off overnight and the Asian markets were reeling under selling pressure-- enough to send our markets hurtling down an abyss of sorts. The Sensex closed at 15,791, weaker by 434 points and the Nifty ended at 4,714, down 130 points. At its intra-day low of 15725, the benchmark was down almost 10% in this calendar year till date. Not to be left behind, the mid-cap and small-cap indices shed about 3% each.The rise in initial jobless claims in the US, credit default concerns in Greece, Portugal and Spain, and a crash in commodity and energy prices took a toll on the global indices. The Dow Jones was precariously perched above the 10k mark at 10,002, weaker by 268 points and the Nasdaq closed lower by 65 points at 2125. The contagion spread across Asia, with the Hang Seng and Nikkei shedding around 3% each. And the European markets have shaved off around 1-2% in early hours of trade. Bombay Stock Exchange’s Sensex ended the day at 15790.93, down 434.02 points or 2.68 per cent. The index fell to touch an intraday low of 15725.43. National Stock Exchange’s Nifty ended at 4718.65, down 126.70 points or 2.61 per cent. The index fell below the psychological support of 4700 to touch an intraday low of 4692.35. Amongst the sectoral indices, BSE Realty Index was down 4.36 per cent, BSE Metal Index fell 4.26 per cent and BSE PSU Index slipped 3.52 per cent. Biggest Sensex losers were Hindalco Industries (-5.51%), Tata Steel (-4.65%), ONGC (-4.54%), Jaiprakash Associates (-4.46%) and Mahindra & Mahindra (-3.93%). Tata Power (0.80%) was the lone index gainer. Market breadth was negative on the BSE with 2368 declines and 487 advances. INDICES Index S2 S1 PIVOT R1 R2 Sensex 15561 15893 16058 16390 16555 Nifty 4656 4687 4724 4755 4792

From : Vinayak Sharma at 10:29 PM - Feb 05, 2010 ( )

Flat between 4780-4600

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