Friday, 15 February 2013

Nifty Page: 14-02-2013(EOD)

While I was expecting the morning upmove to take us to 5950s before drifting down to sub-5920, we went upto only 5939 and then went down to not only sub-5920 but to sub- 5900 and although Nifty Futures made a fresh low, Nifty spot didnot break the previous low of 5979.

Nifty Spot Chart:

Nifty Futures Chart:


A rally to 5990/6040 is very much in the offering but before that the spot too making a fresh low below 5979 cannot be ruled out.

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