Sunday, September 9, 2012

S&P CNX Nifty for the week 10 September 2012 to 14 September 2012.

The Nifty turned bullish last week on account of short covering and it must stay above the 5311 mark to continue its upwards journey. The immediate support is at 5327 and then 5305. If it dips below 5270, then new shorts will develop leading it towards the 5190 mark. However, the charts are signalling an immediate uptrend for today as long as it trades above 5362 in the opening trades.

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