Thursday, November 8, 2012

S&P CNX Nifty for 9 November 2012.

Profit booking did see the Nifty plunge but the bullish structure is intact. The tipping point for today is at 5725 below which the nifty will weaken and may go down to 5673. On the flip side, the immediate resistance to be overcome is at 5745 for any further up move.
Our outlook for today is that the market may see an upside.

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