Tuesday, May 15, 2012

Nifty Analysis

Market opened at a negative note and made a sustaining up move closing at 4942.
Nifty was facing a resistance at 4950 and failed to close above that.
If tomorrow market opened positive and sustained above 4950 then a change in trend can be seen
with a upside movement till 5050.
However the pattern will be ranged between 4975 to 4925.
Expecting a side ways to upside if sustained abve 4950 or else 4900-4950 range.

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