Monday, April 23, 2012

Nifty






1) Nifty today fall 1.70% due to depreciation of Indian rupee and negative data from Europe which have raised a question about global growth and fear have been raised.
2) Nifty faced a resistance at 5330-40 and failed to break the upper level.
3) MACD chart is showing a negative movement and ROC is taking a support -2.00 level.
4) Nifty can sustain at level of 5150-70 from where it can bounce back.

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