Sunday, January 20, 2013

S&P CNX Nifty for 21 January 2013.

The tipping point for the day is at 6065 which is a shade below the closing point of Friday (6064.3). The immediate support is at 6047 and then at 6022.
On the flip side, the immediate resistance is at 6070 and 6082. If it conquers 6082 then it will be headed towards 6101 and 6118.
Our outlook for the day is of active consolidation with positive bias leading to higher highs.

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