Thursday, February 5, 2009

Nifty update for 05/02/2009


As already informed the index was not able to cross the important resistant level.For today the support is placed at 2750-2760 and below that it may take to 2720-2700 levels.The level of 2825-2835 will act as resistant.The index is moving in the parallel line so expect the level of 2700-2720 to be tested in the coming trading session.

Yesterday the index was not able to touch the upper trend line this shows that the weakness in the index.

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