NIFTY TRENDS
Nifty was on bull trend and closed at 6134.Today the first resistance for nifty is at 6146-49 level.Next resistance is at 6159-61 level.Next resistance is at 6179-82 level.Next resistance is at 6189-92 level.Next Resistance is at 6218-22 level.Next resistance at 6284-87 level. On downside first support is at 6120 level.Next support at 6110-06 level.Next support at 6089-86 level.Next support at 6066-63 level.Next support at 6032-28 level.Next support at 6001-97 level Next support at 5982-79 level.Next support at 5967-65 level.Next support at 5949-45 level.Next support at 5924-20 level. Next support at 5860-55 level.Next support at 5821-17 level.Next support at 5794-92 level.Next support at 5763-60 level.Next support at 5711-06 level.Next support at 5678 level.Next support at 5664-60 level.Next support at 5647-45 level.Next level at 5580-75 level.Next support at 5504-01 level.So today main hurdle on upside is at 6147 and above that level trend is bullish and next main hurdle at 6190 level so further up trend is active only if nifty sustaining above 6147 level and this level is a profit booking level for longs.
NIFTY SUPPORT AND RESISTANCE(POSITIONAL)
Positional Support for NIFTY 6028 6009 6006 5991 5972 5941 5893 5563 . Positional Immediate resistance for NIFTY is 6159
NIFTY ANALYSIS- OSCILLATOR
Oscillator Analysis The oscillator is showing BUY signal
Short Term Oscillator Analysis-The signal is BUY but NIFTY is in overbought level.
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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