Technical View July 16

Click here >> LIVE NIFTY CHART

NSE-Nifty, BSE-Sensex Technical View For July 16, 2010

Nifty witnessed the overall volatile session after the flat opening in the morning. Overall it is holding the higher levels & maintaining the short term support of 5350 to 5355. Closing below this support zone may drag it till the lower levels of 5290 to 5300 in near term. We still recommended that traders may go for long in nifty future with the stop loss around 5345 for the targets of 5450, 5500 in near term.

NSE Nifty Recommendation

Sensex is consolidating close to the higher levels of 17900 to 18000. In the downside the next crucial short term support seems to be around the levels of 17300 to 17400. Closing above this support zone may drag it till the lower levels of 16900 to 17000 in near term. One may expect the upside consolidation to continue in the market for a while.

BSE Sensex Recommendation

For More Tips in Share/Commodity Market visit.

Popularity: 1% [?]

This entry was posted on Thursday, July 15th, 2010 at 7:57 pm and is filed under Stock Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

You must be logged in to post a comment.

Indian Share Market Blog