Saturday, 11 August 2012

Market View:


Nifty Daily Chart 




Nifty Weekly Chart 





Previous week indicated to rally in Nifty at 5215 and it rally more than 2.5% during the week closed at 5320 and taken resistance around 5370 levels. Now for the next week daily chart shows the resistance around 5370 - 5380 levels if breaks and close above that than we can see rally upto 5450 & 5550, that also can b seen in weekly chart which also shows the upside trend to continue in market. Major support area for the Nifty is 5200 & 5150 on closing basis. 


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