Wednesday, May 8, 2013

S&P CNX Nifty for 9 May 2013

Those followers of this blog who watched the nifty yesterday must have noticed how the Nifty traded mostly around our first resistance of 6069 for most of yesterday's session before it finally conquered it towards the tail end.
The tipping point for today is at 6059 with immediate supports at 6065 and 6047.
The immediate resistance is at 6095, 6118 and 6152.
Our outlook is of continued optimism if it holds above the 6047 mark. Otherwise it will consolidate.

No comments:

Post a Comment