Monday, February 11, 2013

S&P CNX Nifty for 12 February 2013.

The benchmark index did hold just above our critical support of 5896 on closing basis and therefore did not crack further as predicted yesterday.
The tipping point for today is at 5901 with immediate resistance at 5906 and then at 5934 and 5968.
However, our outlook for the day is of further weakness with immediate support at 5896 and 5892 and then at  5877, 5855 and 5832.

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