Wednesday, May 16, 2012

Nifty analysis!!!!!


Nifty today made a low of 4837.
Negative global market dragged nifty with a gap up opening!!!!
the trend still seems to be negative.
Trend will be positive if it closes above 4950!!!
Tomorrow sideways movement can be seen.
Resistance at 4900 and 4950 can be seen.
Support 0n the basis of trendline is seen on the chart at current level.

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