19 February 2014

NIFTY Edged higher in Anticlimax !!!!

SELL RELINFRA FUTURE BELOW 365 TG 362/358 SL 368
NIFTY continued uptrend  for  fourth day in a row.As we have predicted nifty if hold support of 6140 will be positive for the day..The market breadth, indicating the overall health of the market was positive.The market edged higher in last minutes after being in range of 15 points throughout the day.The Sensex pared gains after hitting fresh intraday high in morning trade. The Sensex and the 50-unit CNX Nifty, both, hit 3-week high.As  far as tomorrow Nifty future trend will continue upside only if sustains above 6170 with volumes, definitely some profit booking also lies on cards which can take market back to its comfortable zone of 6130-6140.
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