Sunday, April 14, 2013



Nifty was in distribution phase for almost 2 months and started its down trend making lower lows and lower highs. Nifty trying to fill the gaps it made in recent rallies.Right now it is at trading in the previous Gap area.
5474 to 5540.

Nifty may be in the trading range of 5450 to 5620 for few days, breaking down it may visit the previous gap area of 5240 levels. Breaking above may visit the levels of 5735.

Due to unstable political conditions and down graded growth rate may correct the markets to earlier lows of 3800 levels.

1 comment:

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