Thursday, June 21, 2012

S&P CNX Nifty for 22 June 2012

As expected, the Nifty is consolidating with an upward bias. The immediate support for today is 5141 and then 5122 and if the market sustains above these levels then the current trend may continue, the resistance being at 5301. However a minor yet sharp sell off can not be ruled out in the first half. 5142 is the crucial pivot point for the day.

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