| Updated for-Dec/09/2013 Nifty closed on a bull note at 6259 level.So today on upside first resistance is at 6284-89.Next resistance are at 6303-08,6330-35,6375-80,6416-20,6453-58,6477-82 on downside first support is at 6235-30 level.Next support are at 6215-10,6185-80,6145-40,6128-23,6100-95,6084-80,6064-60,6032-28,6010-05,5980-75,5940-35,5908-03,5880-75,5845-41,5826-21,5793-88 level.The trend is still with bulls
and no doubt today will be a gap up opening and a new nifty high .Need to caution only below 6235 and that level do not have any significance for today as we see nifty above 6400 level.At higher level we caution traders not to go for short either stay away or go with up trend. Investors be carefull to buy good companies at these rallies.
Have a look at weekly trend.
Positional Support for NIFTY 6146 6137 6134 6127 6083 6016 5896 5863 and positional Immediate resistance for NIFTY is 6314.
Intraday Resistance of NIFTY are 6284.4 : 6304.7 : 6362.5 : 6379.1 : 6395.8
Intraday Support of NIFTY are 6235.4 : 6215.1 : 6158.1 : 6141.8 : 6125.5
Oscillator Analysis The oscillator is showing BUY signal Short Term Oscillator Analysis- The signal is SELL and NIFTY in overbought region.
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S&P CNX NIFTY-Over View
S&P CNX NIFTY is the Blue chip Index of NSE.The top 50 companies listed on NSE from Various sector like IT,Banking,Cement,Oil,Steel,Infrastructure etc are included in Nifty Index with different weightage(Top weightage-Reliance,Infosys,Icici bank,Lt,HDFC)is given to each company.Nifty Index is professionally managed and moreover it can be considered as a barometer of Indian Economy.Earnometer.com will give you daily indepth technical analysis report of Nifty,Analysis of Nifty in future and option,Performance of share included in Nifty for medium-long term and for very short term.Earnometer.com also covers breadth indiacator like advance-decline ratio,put call ratio,Bullish percent index,Advance decline volume Fundamental Growth rate like Price Earnings Ratio,Index EPS,Dividend ratio other economic ratio like GDP growth rate etc.All the analysis report is updated daily
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