Nifty Feb 2011 Technical Forecast - Update 2

Feb 14, 2011 - Nifty Closed today at 5456.00 which is down by 0.91% for month to date (compared to Jan 31st 2011 Close of 5505.90). Feb month low was set on Feb 11th intra day at 5177.70 and closed on the same day at 5310.00.

Until Market open of Feb 08, 2011, Nifty was holding its strong support level of 5402.00 that I discussed on my earlier update .

To watch Nifty Index in...

Please visit http://www.softwareandfinance.com and click on the topic "Nifty Feb 2011 Technical Forecast - Update 2" in Home Page or under Stocks posting to read the entire article.

S&P 500 - Feb 2011 Technical Forecast

Jan 31, 2011 S&P 500 closed today at 1286.11 which is just 1.27 % down from its close to two and half years high. S&P closed near 10 days EMA and above its 21, 50 and 200 days EMA.

Last week, both Dow Jones industrial average index and S&P 500 index touched psychological fancy number of 12000 points and 1300 points respectively.

With US unemployment...

Please visit http://www.softwareandfinance.com and click on the topic "S&P 500 Feb 2011 Technical Forecast " under Stocks posting to read the entire article.

Nifty Feb 2011 Technical Forecast

Jan 31, 2011 - Nifty Closed today at 5505.90 which is down by 9.81% in one month (compared to Dec 31st 2010 Close of 6105.10). January month low was set on Jan 31st at 5416.65 just after the market open and January month high was set on Jan 04th at 6181.05.

FYI - Nifty set its 52 weeks annual high of 6338.50 on Nov 5, 2010 and its 52 weeks annual low of 4,675.40 on Feb 08, 2010.


Please visit http://www.softwareandfinance.com and click on the topic "Nifty Feb 2011 Technical Forecast " in Home Page or under Stocks posting to read the entire article.