Trend Line [31-01-2011]

YESTERDAYS COMMENTS AND PERFORMANCE : 

YESTERDAYS Predicted Nifty level and Actual levels :

Trend Resistance 5627-5616 [5614 EXACTTTTTTTTTTT High]

Trend Support 5540 [Closed Below this level]

28th January 2011 OHLC : open 5614, High 5614 Low 5459, Close 5512

31th January 2011 - Technical View of Nifty / Technical view of Market :

View of Market : 

Todys Quartely result : Andhra Bank, Ballarpur Industries, BPCL, Canara Bank, Central Bank, Colgate Palmolive, Dabur India, Indian Hotel, IDFC, Hindustan Oil, GVK Power, Gujarat Fluor, Escorts, DLF, Jindal Saw, KEC Intl, Lakshmi Machine (LMW), LML, Maharashtra Seamless, Mcleod Russel, MMTC, National Aluminium, NAvneet Publication, Novatis India, NTPC, Shriram Trans, Shree cement, Rolta, Pentamedia, SilverLine Tech Sun Pharma, TATA Communication, TATA Metaliks, 

Technical View of NIFTY : 

-ve : Closed Below 200 EMA level, and Closed Below Investment sl 5600

+ve : Next 50% support for the swing 4538-6338 is at 5438, 

Next +ve breakout support is at 5399,  61.8% at 5226, Major trend line

support 5050.

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