Sunday, January 30, 2011

Nifty 31-1-2011

  • Another week of continued selling to result in breakdown of 200 DMA and lead the markets to closed below all the major supports.
  • 5380 is the first important support for the market 200 DMA around 5620 levels would now act as resistance level for the nifty.
  • Today market is expected to trade in the range of 5538 – 5680.
  • Hold nifty Sell with stop loss 5620 on closing basis..

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