Wednesday, 18 September 2013

Nifty managed to closed at green after lacklustre session, future derivative closed at 5941.00 up 1.03%. The index touched high of 5945 and low of 5865. Trend is volatile, analyst cautioned and advice to traded with strong stop loss. Open interest trend rise with price movement but negative as compare to previous. RSI above 70 shows overbought level. Current price lower than 5 days moving average.
Analyst expected market will remain volatile, market tracking from US Fed meet.
Nifty Tomorrow Resistance at 5969.50, 5998, 6050.20 and support at 5888.80, 5836.60, 5808.10.


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