Saturday, March 26, 2011

Nifty zooms 132 Points to 2-month High of 5654

Nifty-Spot  ended at 5654.25 with a handsome gain of +2.4%on 25 March 2011.It has formed a  Double Gap-Up Candle on Daily price Chart. It is now Trading a near to its 100 DMA of 5669.85. All Momentum Indicators are in Bullish Zone. It is also Trading above its Bulls Fear of 5540.20. Nifty-Options Data suggests that Nifty May touch 5700 By next week and 6100 is expected in coming Expiry.
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