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Nifty Outlook for 10-02-2011


Nifty has closed below the area of congestion for two consecutive days. This significes a break down in the price chart as well as continuation of down trend in process. Now the 5350 mark will act as a stiff resistance. We expect the prices to fall further towards 4760 mark in weeks to come. Positional holders who have build short with us @ 5900 levels are advised to hold short with 5350 as SL on closing basis.

Please send in your queries to research@tranchegroup.com or to me directly at praveen.tranche@gmail.com

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