5321 happens to be 23.6% retracement point of the rise from 5136 to today's high of 5378. A dip below 5184 may indicate the trend reversal to downwards. until then it may just be the retracement and the major trend remains up towards 5674.
Tuesday, April 3, 2012
Closed above 55 DMA
Nifty touched a high of 5378 and a low of 5344 and closed at 5359 above 55 day DMA of 5345. However it has closed below wednesday's pivot of 5360. Tomorrow if it manage to stay above this pivot 5360 may take it to 5374/5395 or else it may dip to 5347/5327.
5321 happens to be 23.6% retracement point of the rise from 5136 to today's high of 5378. A dip below 5184 may indicate the trend reversal to downwards. until then it may just be the retracement and the major trend remains up towards 5674.
5321 happens to be 23.6% retracement point of the rise from 5136 to today's high of 5378. A dip below 5184 may indicate the trend reversal to downwards. until then it may just be the retracement and the major trend remains up towards 5674.
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Below 5320 range the next support may come in at 5297 5-DEma, 5286 38.2% retracement level from 5136 to 5378.
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