Wednesday, May 9, 2012

Nifty Analysis!!!

The fall today was expected and closed down at 4974.
Market today bounced back from the low of 4956 taking support at 4950.
Tomorrow support again can be seen at 4950 and wont be expecting a closing beyond that.
Roc is giving the sign of change in trend.
MACD is yet showing a downside sign.
One can expected a closing above 4950 or flat closing tomorrow.
Expecting sideways movement

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