Thursday, November 29, 2012

S&P CNX Nifty for 30 November 2012.

The Nifty overcame both the resistances of yesterday in a bullish rampage. The critical point for today is at 5798. The support for Nifty in case of a slip below the critical point is at 5774 and then at 5740.
However, if Nifty manages to stick its head above the 5798 point, it will make new 52 week highs with immediate resistance at 5860 and 5897.
Our outlook for today is of continued optimism.

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