The Nifty is poised for further up move, yet fresh convictions are lacking. Unless it conquers the immediate resistance, which is at 5635, conclusively a few more days of consolidation with sideways movement will be seen. Above 5635 the Nifty will face resistance at 5689.
However, the tipping point for the day is at 5619 below which the immediate supports are at 5610 and 5584.
Our outlook for today is that although the structure of the market will remain the same as it has been for the last few days, yet there might be some volatile ups and/ or downs; this being a triple witching truncated week, with settlement of November series on 29th November 2012. The markets will be closed on 28th November 2012.
However, the tipping point for the day is at 5619 below which the immediate supports are at 5610 and 5584.
Our outlook for today is that although the structure of the market will remain the same as it has been for the last few days, yet there might be some volatile ups and/ or downs; this being a triple witching truncated week, with settlement of November series on 29th November 2012. The markets will be closed on 28th November 2012.
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