Saturday, December 29, 2007

NIFTY for the week of 7-Jan-2008

Support – NIFTY should find major supports at 6215, 6165, 6040 and 5907
Resistance – NIFTY is standing at a point of resistance now.
Overall sentiment – As written above NIFTY is standing at a strong resistance. A green Monday with close above 6280 may trigger a rally, so keep a watch.
A red Monday with any close should be traded very carefully.

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