9 Jan 2013

NIFTY Trend.

     Nifty Index is trading at 6000 levels now.Charts shows Sideways trend.Expect a rangebound market in the coming days.

 5900 is the strong support and 6100 resistance.
 If it breaks 6200 resistance level , market may go upto 6500.
 If it breaks 5900  support level,chances to touch the support 5700 and 5500.
  Expected Range of the Market in medium term is 5500 to 6500.
 Partial Profit booking will be a good strategy for short term investors.
 Buying at 5 to 10 % dips may give chance to gain in revival.Be cautious and invest with the help of technical indicators.

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