November 14, 2010

NIFTY Weekend Update

  •  Main support for nifty is between 5930 - 5940.
  • Price is approaching its 50 Day moving average. This MA may give support for the index but the problems is the momentum of the price.
  • Breaking 5930 will give fresh lows for nifty. We might see 5850 - 5900 level initially.
  • If 5930 - 5940 le or the 50 DMA give support we may see a reversal.
  • DOW JONES WEEKEND UPDATE
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