Wednesday, January 9, 2013

S&P CNX Nifty for 10 January 2013.

A breach of 5980 did indeed see Nifty weaken. The immediate resistance for today is at 5973 and Nifty will have to trade above the crucial resistance at 5982 to consolidate and then 5997 to be bullish.
Our outlook for today is all out weakness in the market and if the support of 5948 is breached then it may go down to 5918.

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