Monday, April 27, 2009

Nifty daily chart update for 27/04/2009



Nifty faces resistant at 3489-3491 which is previous high.Now the support is placed at 3465-3469 failure to hold the support at 3465-3469 will lead to 3374-3377 levels very easily.We see a negative divergence in the RSI also which is signal of bearish movement.so no long should be initated in the resistant levels.

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