Friday, May 14, 2010

NIFTY NEXT: NIFTY TRADING RANGE 5130-5200 (14 MAY 2010)

NIFTY IS BEARISH ON MONTHLY TECHNICAL CHARTS.ALL PROMINENT INDICATORS ARE IN OVERBOUGHT ZONE.TODAY NIFTY MAY TRADE WITHIN THE RANGE OF 5130-5172 AS THE PRICE BAND. CLOSING ABOVE/BELOW THESE TWO LEVELS INDICATES TREND REVERSAL. SBI IS LOOKING BEARISH ON CHARTS.

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