Thursday, February 07, 2008

Nifty Support 22/01/2008


It is seen that the 200 DMA has always given our markets a major support. 200 DMA of Nifty is at 4895. Today’s close of Nifty (4899.30) is also above the 200 DMA. I think, that the Nifty should stabilize over here. Should consolidate here for sometime before further move can be (upside or downside)

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