Sunday, November 11, 2012

S&P CNX Nifty for 12th November 2012.

The tipping point for the day is at 5706 and the Nifty will be bullish only if the benchmark index will trade above this point. The immediate resistance in such case is at 5716 and 5740.
However, the market may start weak and soft and if it trades below the tipping point for longer period then it may find support at 5675 and then at 5642.
Our outlook for today is of sideways weak market with optimistic bias.

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