Thursday, November 25, 2010

25 Nov 2010 Nifty Analysis

25 Nov 2010 Morning Market Updates  20:40

Nifty Analysis :

Nifty has given a fall of 65 to 75 points since last 3 days consecutively.
On 23/11 Nifty felt by 75.25 points
on 24/11 Nifty felt by 69 points
on 25/11 Nifty felt by 66 points.
But the reason to worry is the rising volume than the bull run.For a reference, giving a pic below of 1 year Nifty chart.

In this case it wont surprize if Nifty corrects upto 5430 level. Support levels are 5815,5720,5634,5571. Now crucial resistance will be 5970. But as said previously Nifty will cross 9000 mark in coming decade. We need to have patience and positive thinking.
Investors need not to panic as market will give many opportunities to capitalize on.
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Happy Investing !
Note :
* All levels are about Spot nifty.
* Click on the chart for full image.

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