Thursday, June 7, 2012

Nifty analysis!!!!

Nifty today touched 5059, the level of 200 SMA and 55 SMA.
If nifty break the level and sustain above this level then next resistance will be seen around 5100-5120.
today interest cut by .25 % in china boosted the upward trend of the market.
Support can be seen at 8 SMA 4920.

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