Wednesday, January 16, 2013

S&P CNX Nifty for 17 January 2013.

The market did indeed go up north making another 52 week high as we had indicated in our post on the day before yesterday. (15 January 2013)
The tipping point for today is at 6017 which is above the immediate resistance of 6011. The market will be bullish only above the 6040 mark.
Our outlook for today is another session of consolidation with a positive bias and intermediate bouts of weakness and strength. The support is 5988 and 5945.

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