Sunday, March 3, 2013

S&P CNX Nifty for 4 March 2013.

Our followers might have noticed that the tipping point for trades on Friday session ie the 5739 mark turned out to be the resistance for the market suggesting further weakness.
The tipping point for Monday trades is at 5714 with immediate resistances at 5740 and 5782. On the flip side the supports are at 5713 and 5696.
Our outlook for the day is of continued weakness as market is not yet showing any signs of recovery except that upsides will be met by fresh supply and shorts.

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