Monday, February 4, 2013

S&P CNX Nifty for 5 February 2013.

The market continued to be weak as predicted. The tipping point for the day is at 6003 with 5979, 5945 as the immediate supports. The market may even crack down to 5896. The immediate resistance is at 6016 and 6038. However the bulls will come to rescue the market only if it trades above the 6063 mark.
Our outlook for the day is that market should open weak and and go down further. However a comeback towards the later session cannot be ruled out.

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