Nifty has broke channel support, which was started last year [Marked by solid Blue line 'A']. Nifty is now near a good immediate support @ 5820. Can show some bounce back from here towards the 'A'. Break blw 5820, support pegged @ 5770 only. Upside resistance pegged @ 5880-5915. Overall Nifty may keep facing resistance & selling pressure may set in, on bounces.
February 22, 2013
Nifty View 22-2-13
Nifty has broke channel support, which was started last year [Marked by solid Blue line 'A']. Nifty is now near a good immediate support @ 5820. Can show some bounce back from here towards the 'A'. Break blw 5820, support pegged @ 5770 only. Upside resistance pegged @ 5880-5915. Overall Nifty may keep facing resistance & selling pressure may set in, on bounces.
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