Daily Technical Analysis – 23rd Oct 09

The upper trading targets are placed at 17197-17467 (SENSEX) & 5095-5166 (NIFTY). The lower supports are placed at 16337-16080-15962 (SENSEX) & 4860-4775-4752 (NIFTY).

Technical view for Thursday, 24th September, 2009.

The markets have shown some fatigue after a sustained up move and thus have taken a breather after hitting the psychological level of 5000 (Nifty). However, their remains strength on the charts and thus the trading bias is on the long side. One can trade stock specific and use dips to go long.

The upper trading targets are placed at 17197-17467 (SENSEX) & 5095-5166 (NIFTY).

The lower supports are placed at 16337-16080-15962 (SENSEX) & 4860-4775-4752 (NIFTY).

Related posts:

1. Technical Analysis – 31 March 09
2. share trading technical analysis market outlook 20 May 09
3. Market strategy-Sudarshan Sukhani of Technical Trends
4. JBF Industries – Technical Analysis
5. Free Day Trading Stock Tips – 23rd Oct 09