Sunday, December 27, 2009



Finally the Nifty have crossed its resistance levels above 5185 levels. Nifty made a high of 5197.90 but closed below 5178 levels. RSI is also trending positive, the same have also crossed above the trendline. MACD is also trying to give some positive divergence. Next week being a short week with the years last expiry month, expect some wild movements in the markets. Inflow in the Indian equity markets is nearly at its all time high at $17.126 bn. Nifty closed below its resistance level of 5185. close above the same will take the Nifty to 5300 levels.

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