Wednesday, October 10, 2012

S&P CNX Nifty for 11 October 2012.

Nifty will continue to be weak as long as it trades below 5662. 5630 is the crucial support below which the Nifty will reverse its current trend and may go into a bearish mode in the current series. However chances of further weakness are remote. On the flip side, the immediate resistance is 5687, 5721 and then at 5755. The outlook for the day is of consolidation.

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