Monday, October 22, 2012

S&P CNX Nifty for 23 October 2012

The Nifty did show an upsurge yesterday. The tipping point for today is at 5697 below which nifty will be weak with the immediate support at 5680 and then 5665. The crucial support continues to be at 5630.
On the flip side if it trades above 5697, it will surge up north with immediate resistance at 5747 and 5762. The charts are indicating bullishness but settlement being so close, one should be prepared for turbulence.

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