Wednesday, May 15, 2013

S&P CNX Nifty for 16 May 2013.

It turned out very much in expected lines. As stated in our blog post yesterday, the market did resume its bull run as it came back with great strength.
The tipping point for today is at 6108 with 6133 as the immediate support. Thereafter the supports are at 6114 and 6046.
The immediate resistance is at 6152 and then at 6196 and 6246.
Our outlook is of continued bull move amid a lot of strength.

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