Nifty had a great start at 5574 but could not sustain this
level and ende at 5341.Since last time when we had four consecutive trading day
in the green between we saw the reversal coming in a big way today. ....
Thus, being
pattern followers that we technical analysts are, we are naturally somewhat
anxious to see how the index performs tomorrow. However, one thing going for
this rally is the likely strong support between 5400 and 5450 unless this range
is taken out on the downside on heavy volume and lots of fresh position build
up in the derivative segment, we need not be so bothered yet monitoring the
above critical segment with a constant vigil. Next support range is between
5400-5350.
More about intraday tips on google +
RESISTANCE:5450, 5480,5500
SUPPORT: 5440,
5380,5350RESISTANCE:5450, 5480,5500
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