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Author: nikkiroy Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 244  
Subject: Indian Stock Market:Technical trend analysis 7/6 Date: 6/8/2010 9:55 AM
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NIFTY
Mode-Flat
RESISTANCE-5151/5167/5193
SUPPORT-5120/5104/5078
SENSEX
Mode-Flat
Resistance-17169/17221/17306
Support-17066/17015/16929
Above resistance= Strong
Below support =Weak
If NIFTY breaches 5167 and stays above 5151 with good volume then NIFTY may see 5190.If Nifty breaches 5104 and stays below 5120 then NIFTY trend is bearish.Then expected lower target is 5080 and 5050.
If SENSEX breaches 17221 and stays above 17169 with good volume then possible upper target is 17300.If Sensex crosses 17015 and stays below 17066 level then Sensex trend is bearish.Then expected lower target is 16930 and 16820.
NB:-Today market may open Gap down ahead of weak global cues.Be careful while trading.
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