Monday, 4 April 2011

Midday Outlook on Nifty (04-04-2011)

Nifty Intraday Chart: Seems to be another day of sideways movement. The interesting fact on the intraday chart is that the RSI is griding lower, however the prices stalls within a fixed range. This could lead to the continuation of further upside movement in Nifty. If Nifty has to fall it should fall today and fall harder.

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