Tuesday, May 24, 2011

Indian Stock Market:Intraday trend analysis for 25th May 2011

NIFTY
Trend-Flat to Weak
SENSEX
Trend-Flat to Weak
If NIFTY breaches 5433 and stays above at least 5409 with good volume then NIFTY may see 5465 and 5505.If Nifty breaches 5340 and stays below 5362 then NIFTY is weak.Then expected lower targets are 5310 and 5280.
If SENSEX breaches 18158 and stays above 18075 with good volume then possible upper targets are 18325 and 18430.If Sensex crosses 17829 and stays below 17912 level then Sensex is weak.Then expected lower targets are 17725 and 17620.