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URL:  http://boards.fool.com/indian-stock-markettechnical-trend-analysis-22n-28589214.aspx

Subject:  Indian Stock Market:Technical trend analysis 22n Date:  6/22/2010  10:24 AM
Author:  nikkiroy Number:  236 of 244

NIFTY
Mode-Buy on declines
RESISTANCE-5381/5409/5456
SUPPORT-5325/5298/5251
SENSEX
Mode-Buy on declines
Resistance-17950/18023/18145
Support-17803/17730/17608
Above resistance= Strong
Below support =Weak
If NIFTY breaches 5409 and stays above 5381 with good volume then NIFTY may see 5430 and 5450.If Nifty breaches 5298 and stays below 5325 then NIFTY is weak.Then expected lower target is 5255 and 5230.
If SENSEX breaches 18023 and stays above 17950 with good volume then possible upper targets are 18080 and 18140.If Sensex crosses 17730 and stays below 17803 level then Sensex is weak.Then expected lower target is 17615 and 17560.

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