Thursday, February 14, 2013

S&P CNX Nifty for 15 February 2013.

As envisaged the benchmark index has turned weak. The only hope is that the support of 5896 has held on closing basis. But as per technical charts the Nifty may see further erosion to 5830 and 5762.
The tipping point for the day is at 5908 with immediate resistance at 5906 and 5919.
Otherwise the Nifty may go into a tail spin. Look out guys.

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