Sunday, October 28, 2012

S&P CNX Nifty for the week 29 October 2012 to 2 November 2012.

5675 is the deciding point for the whole week, with 5630 as the crucial support. If 5630 gets broken then Nifty may test the 5584 level below which the trend may change if it trades conclusively below 5584. Otherwise the week will pass off in yet another phase of consolidation with a bullish bias with 5736 and 5755 as resistance.

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