Tuesday, 31 January 2012

Outlook of Nifty for 31st Jan


Nifty future support is placed at 5094-5084 and then at 5064-5048 breach below can drag nifty to 5033 and even 5006. The resistance is placed at 5134-5150 and if crosses with volume can rush to 5174-5212. I suggest unless we do not close above 200 day SMA avoid longs and sell on rise.

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