Sunday, August 7, 2011

S&P CNX Nifty for the week 8 August 2011 to 12 August 2011.

The Nifty is currently in a bear territory and only if it trades above 5260, it might at best go to 5411 levels. Staggered buying in key index stocks may be resorted to when the momentum decreases in the short side. the only support seems to be around 5075 mark, but that too is weak.

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