Nifty and Sensex intraday trend analysis for October 10, 2012

Nifty and Sensex intraday trend analysis for October 10, 2012

Tuesday, October 9, 2012

NIFTY
Trend-Flat to Weak
SENSEX
Trend-Flat to Weak
Advances- 834 Declines- 676 Unchanged- 85
Tuesday Nifty and Sensex regained their momentum.Nifty closed 29 points up.Sensex also gained 84 points at close.FMCG and Consumer Durables witnessed buying interest.Though Nifty and Sensex were managed to close positively the important resistance levels are not broken.We still downgrade Nifty and Sensex trend to flat to weak.Further weakness and volatility is possible on nifty unless a break out occurs.
If NIFTY breaches 5733 and stays above.............................

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