Sunday, April 7, 2013

S&P CNX Nifty for 8 April 2013.

The tipping point for the day is at 5555 with 5562 as the immediate resistance and then 5587, 5619 and 5670.
On the flip side the immediate support is at 5532, 5512 and 5490. 5445 should be a more strong support.
Our outlook continues to be negative on the market as it will erode further with new shorts being formed in the system.

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