Thursday, April 4, 2013

S&P CNX Nifty for 5 April 2013.

The tipping point for the day is at 5596 with 5610 and 5638 as the immediate resistance.
The support continues to be at 5558 which if breached will see fresh shorts being built in the system as the benchmark index will slide towards 5445.
Our outlook continues to be of weakness and consolidation at lower levels as the market may seek an intermediate bottom. trend will reverse only if it somehow conquers 5683.

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