Monday, January 30, 2012

Expectation from Nifty

Yesterday we noticed that Nifty climbed the mountain without volume, which proved fatal for our dear bulls. That is why I keep saying always we with volume. This is not hindi movie where hero and roam around like "Singham". 
  1. 5050 level need to watch for immediate support as it has highest volume concentration and other reasons ( I will put on coming post)
  2. 5170 is very strong resistance for any sudden upmove

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