Nifty-cmp-5421
Nifty closed on a slightly bullish note at 5421. So today the immediate support for
nifty is at 5405 level. On downside The first support is 5385 other support are 5348 and 5328 at level. Next resistance levels are at 5441, 5461 and 5496.
So on next session of trading expected to downside range bound between 5300 and 5450 below 5400 may move down side .even global market having no movementum and sideway
Sentiment- 21 August 2012: PCR_OI:1.39 PCR:1.26 (diff +0.09)
21 August 2012 Premium: 20.9 Futures OI:26387250.0
Weekly Oscillator Analysis-The oscillator is upside
Daily Short Term Oscillator Analysis- sideway and now expected to move downside in daily chart .Nifty loosing movementum ,showing little bit overbought ATR range-(5480-5362)
Daily Chart
Tata Power will see some movement after the company proposes to sell 51 per cent equity in the 4,000 Mw Mundra Ultra Mega Power Project (UMPP) to Gujarat Urja Vikas Nigam (GUVNL) for Rs 1. capitalstars
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