Monday, April 22, 2013

S&P CNX Nifty for 23 April 2013.

The tipping point for the day is 5823 with the immediate and crucial resistance at 5869.
On the flip side the supports are at 5814, 5782 and 5736.
Our outlook for the market is that the 5833 mark is crucial for future trend and the market should conclusively trade above this point for a trend reversal from the recent down trend to up trend. Fresh longs will be built if it conquers the resistance at 5869 mark.

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