Tuesday, February 21, 2012

S&P CNX Nifty for 21st to 24th February 2012.

The stock market continues to be bullish with the next major resistance at 5658, which if conquered conclusively with good volumes in next few sessions may lead Nifty to 5710 and above. However this being a tripple witching week, chances of unwinding of longs cannot be ruled out. The immediate support is at 5580 and then at 5505 which if broken can see further erosion till 5415. 

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