Monday, January 23, 2012

Nifty intraday analysis II

One more tight consolidation of Nifty between 5030 to 5060. As expected, RBI may not cut rates, but even if it give indication about rates cuts in near future, Nifty may move higher or cross 5100 at least tomorrow.

Nifty has observed all bad news these days, like, RIL report, Infosys report etc. Might be some smart money inflow has kept Nifty afloat higher.

1 comment:

  1. The market squandered an encouraging start to close deep in the red. The Nifty touched 5,650 in early trade, before reversing to close below 5,600 down 46 points.
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