Sunday, 10 April 2011

Nifty Outlook for the Week

Nifty Daily Chart: Nifty showed some signs of sluggishness on Friday. I have drawn what might look like in nifty in the days to come. I feel Nifty will move a little down or sideways to burn off the over bought situation felt in RSI and resume back the rally. Ideal price range would be 5750~5650. MACD too have shown some sluggishness, however it has not turned negative. We will keep you posted on daily moves regularly.

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