| Niftyon20-10-2011 | ||||
|---|---|---|---|---|
| Prcl:5139.15 | Op:5086.55 | Hi:5099.00 | Lo:5033.95 | Cl:5091.90 |
Here is your free Nifty analysis for 21-10-2011.Nifty again went near 5100 and came down to close at 5091.That shows that Nifty undergoes selling pressure near the tops being created between September and October and testing the lower points near 5040(5033). Also we can infer that Nifty is getting some boost up at lower levels.Still the trend is sideways only.
| Niftyon19-10-2011 | ||||
|---|---|---|---|---|
| Prcl:5037.50 | Op: 5080.45 | Hi: 5148.05 | Lo: 5075.30 | Cl: 5139.15 |
Here is your free Nifty analysis for 23-10-2010.Nifty did not go down below 20DMA and closed in the resistance zone.This is not definitely a trend.Unless Nifty goes above 5200 we will not see any further uptrend. If Nifty gets resisted from this level we will see Nifty coming down to 4800.
| Niftyon18-10-2011 | ||||
|---|---|---|---|---|
| Prcl:5118.25 | Op:5049.45 | Hi:5057.50 | Lo:5011.05 | Cl:5037.50 |
Here is your free Nifty analysis for 19-10-2011.Nifty has made three tops between September and October at 5169 ,5168 and 5160 .On all these occasions Nifty could not hold and came down to 4740 level and came up. Now Nifty is resting above the 20 DMA 5003 and closed at 5037.50.If Nifty does not go below 5003 and if good buying emerge we can see Nifty going to 5169 and 5200. Again these levels are to be watched since they are high resistance levels. Nifty has strong movements between 4740 and 5200 . Unless Nifty breaks either level strongly we cannot see a definite trend.
| Niftyon13-10-2011 | ||||
|---|---|---|---|---|
| Prcl:5099.40 | Op:5130.80 | Hi:5136.95 | Lo:5067.65 | Cl:5077.85 |
Here is your free Nifty analysis for 14-10-2011.Nifty went upto 5136.95 and came down and closed at 5077.85. Today also we will see lower values since the freight rate increase will cause 6000cr loss to the industries.Though the same will be passed on to the customers eventually initially loss will be mounting up. Nifty has closed below my resistance level of 5100. that means Nifty will go down to 4800 intitially.
| Niftyon12-10-2011 | ||||
|---|---|---|---|---|
| Prcl: | Op:5011.20 | Hi:5109.80 | Lo:4997.65 | Cl:5099.40 |
Here is your free Nifty analysis for 13-12-2011.Nifty may have resistance at 5100 and come down. Ultimate resistance is at 5200 for the short term. If Nifty cannot sustain above 5200 it may come to 4800 and then slide to 4000 even though it my not be sudden.
