Tuesday, May 14, 2013

S&P CNX Nifty for 15 May 2013.

As the followers of our post might have noticed that our resistance as stated in last post of 6027 held as Nifty returned from 6026.8.
The tipping point for today is at 5998 with 5991 as the immediate support. If 5991 gets breached then the next supports are at 5962 and 5914.
On the flip side the resistance is at 6004 and 6008. 
Our outlook for today is that of continued strength, which may lead to resumption of bull market if the benchmark index conquers 6062 mark. 

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