Wednesday, July 11, 2012

Nifty analysis!!!

Nifty today was 39 points down... closing at 5306 after making a low of 5300.
The MACD and ROC are indicating negative movement.
If nifty sustain the level of 5280-5300 where there is support of ascending trendline then
there can be some upside.
Resistance at 5350-5400 can be seen.
support of 5270-5200 will be crucial.

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