Sunday, February 10, 2013

S&P CNX Nifty for 11 February 2013.

The market certainly seems to have taken a breather as we had indicated in our Friday's post. The technical indicators are indicating a short term down trend if Nifty slips below 5896 on closing basis. In that case market will enter into a weak phase with 5827 and 5763 as supports.
The tipping point for the day is at 5920 with immediate resistances at 5938, 5971 and 6025.

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