Sunday, May 5, 2013

S&P CNX Nifty for 6 May 2013.

As predicted in our last post, the market did cough up a bit.
The tipping point for today is at 5959 with 5946, 5958 and 5974 as the immediate resistances.
On the flip side the supports are at 5925 and 5877.
Our outlook is that of a breakout might be coming again but only if it trades above the 5985 mark with good volumes. Otherwise it will consolidate with a positive bias.

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