Monday, March 12, 2012

More Consolidation - More Confusion???


After RBI Rate Cut / Positive IIP Data / Break out on Friday - Still Nifty can't move up firmly. Even though Nifty able to hold 5330 - Cant surpass 5430 & 5470 as said in last post. Now tomm if Nifty can't hold 5330 then 5300-5290 should be keenly watched as its next support, if breaks then may fall to fill the Gap as shown on Chart upto 5230. Lets See!!!