The tipping point for the day is at 5659.
The immediate resistance that the benchmark index must conquer is at 5666 for any hope of bulls coming to rescue and consequent strong closing of current series.
Otherwise, the support is at 5599 & 5558.
Althoigh the market did open strong in the last session yet it gave away most of its gains towards the close, closing much below making a new recent low.
Our outlook for the day is of a bit of strength but not without a new intermedite low.
Monday, March 25, 2013
S&P CNX Nifty for 26 March 2013.
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