CapitalVia
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NSE-Nifty, BSE-Sensex Technical View For 16th July, 2010
Nifty witnessed the overall volatile session after the flat opening in the
morning. Overall it is holding the higher levels & maintaining the short
term support of 5350 to 5355. Closing below this support zone may drag it
till the lower levels of 5290 to 5300 in near term. We still recommended
that traders may go for long in nifty future with the stop loss around 5345
for the targets of 5450, 5500 in near term.
Sensex is consolidating close to the higher levels of 17900 to 18000. In
the downside the next crucial short term support seems to be around the
levels of 17300 to 17400. Closing above this support zone may drag it till
the lower levels of 16900 to 17000 in near term. One may expect the upside
consolidation to continue in the market for a while.
Nifty witnessed the overall volatile session after the flat opening in the
morning. Overall it is holding the higher levels & maintaining the short
term support of 5350 to 5355. Closing below this support zone may drag it
till the lower levels of 5290 to 5300 in near term. We still recommended
that traders may go for long in nifty future with the stop loss around 5345
for the targets of 5450, 5500 in near term.
Sensex is consolidating close to the higher levels of 17900 to 18000. In
the downside the next crucial short term support seems to be around the
levels of 17300 to 17400. Closing above this support zone may drag it till
the lower levels of 16900 to 17000 in near term. One may expect the upside
consolidation to continue in the market for a while.