Tuesday, May 22, 2012

MARKET UPDATES...
NIFTY(spot) has retraced 14.6% from the low levels 4788 it has made in the last week.
Certainly there is upside in the NIFTY but it will not come as a steep upside. Resistance at the upper levels are-4986 and 5109.


As per the technical charts, NIFTY may touch 5150 levels in the current upmove.



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