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Free video on Stock Trading Trade of the Week Daily Stock Chart on Google! Watch and learn how to trade intraday both stocks and options and getting the best pricing!

Stock graphs are useful for displaying information about stocks. Each data item is displayed as a stock bar, which can represent the following information: daily high price, daily low price, opening price, and closing price.

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On the basis of daily charts and reports, trend deciding level is at 19350 / 5800. On the upside, if indices trade above 19,350 / 5,800 levels then it is likely to test 19,465 / 5,850 or even extend their gains to 19,530 / 5,880 levels for tomorrow trading session. On the downside, indices may have support at 19,180 - 19,125 / 5,740 - 5,715 levels.

On the basis of daily charts and reports we are observing that indices have closed well below the support zone of the upward gap area (17,750to 17,855 / 5,320 to 5,340) which suggests weakness. In coming trading session if indices trade below 17600/5,240 levels then they are likely to test 17,375 / 5,200 levels or the prior bottom of 17,295 / 5,175. However, on the upside a bounce up to 17,865 - 17,980 / 5,310 - 5,370 can be touched.

By the weekend market recovered some gains which suggests some positive trend for coming trading sessions. Looking at Nifty daily charts and reports it is expected that market may remain positive on Monday.

Looking at daily Nifty Charts and reports at present the narrow range body formation reflects indecisiveness prevailing at current levels. Hence, if indices trade above 18,185 / 5,460 levels then they are likely to test 18,330-18,410 / 5,495-5,530. On the downside, 18,010 - 17,924 / 5,412 - 5,375 are the crucial support levels for the indices. Any breach of below this levels would intensify the selling pressure.

CNBC Propaganda
 
 
Thursday, February 3, 2011 4:51 PM
 A late bid helped the stock market muster a modest gain after it had spent most of the session mired in…

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