Nifty: - 5990 After flat opening Nifty has witnessed weakness in later part of the day and finally ended with “DOJI” an uncertain candlestick pattern on daily chart. Yesterday was a seventh consecutive day where Nifty has maintained its lower lows formation on daily chart. Hourly momentum indicators are hovering in over sold zone but technically weakness was eminent at every level. Nifty intraday support placed at 5965 – 5950 levels and resistance placed at 6011 – 6032 levels.
Posted on: Thu, 14 Nov 2013 03:04:59 +0000
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