Tuesday, 5 April 2011

Nifty Outlook for 05-04-2011

Nifty Daily Chart: Nifty looking queit strong on the daily chart. RSI has entered the overbought zone, however we still feel it has the potential to take nifty further upward. MACD too looking strong at the movement. However, we do not recomend to build fresh long at this moment, and request our positional holders who has build long to hold on with their position as per the SL guidance in the right tab.

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