Thursday, August 16, 2012

S&P CNX Nifty for 17 August 2012.

If the Nifty manages to hold above 5370 with good volumes then it will consolidate with bullish bias towards 5404. But the chances of unwinding of long positions cannot be ruled out, in which case the market may find support at 5351 and then 5327. The technical indicators, however, indicate a bullish undertone.

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