Thursday, March 27, 2008

==>> Nifty closed below 10DMA

Yesterday we saw that the Nifty has a good resistance at 4900-4950 levels. Yesterday Nifty opened at 4878 had some upward movement till 4912 but again tanked down till 4800 levels. 4800 levels been a good support and the resistance levels. Nifty 10DMA is at 4879, and the same is proved to be a good resistance levels. Till the time this level is not broken the Nifty upward movement is locked. Nifty weekly closed should be above 4750 only for the up trend.

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