Saturday, July 30, 2011

S&P CNX Nifty for the week 1st August 2011 to 5 th August 2011.

The overall trend for the short term is bearish. If the 5438 support is breached on closing basis with good volumes, a short term severe sell off may ensue and buying for long term in key heavyweights is suggested only once the momentum on the downside subsides. Market will be strong only if it starts trading above the 5610 mark conclusively.

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