Wednesday, September 5, 2012

S&PCNX Nifty for 6 September 2012.

The Nifty is clearly headed for 5190, if it does not take support at yesterday's low of 5315 which also happens to be the support as per the trending line. However, if it trades consistently above 5233 in today's trades, then only can one expect it to go up to the immediate resistance of 5255. Investors are advised to place bids much below the offer price in key stocks as a panic might set in in case of a slide below 5185.

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