Nifty witnessed the yet another highly volatile session today and made the range bound closing in the end. One thing very clear as per present trading trend is that it is not sustaining on higher levels. In the downside still 4950 to 4960 is the key support base. Closing below this support base may drag it till the lower levels of 4830 to 4840 in near term. We recommend that traders could go for sell on rise in it until it made closing above 5200.
Tuesday, May 18, 2010
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