Tuesday, July 28, 2009

NIFTY Outlook for 29th July 2009


NIFTY didn't seem to really go sliding down on Tuesday. As it sits upon the 270° line, it is anybody's guess where it will head next. DOW promised a biggish fall but then recovered on Tuesday. Will NIFTY take a cue and resist the journey down? Best to wait for the market to show its hand clearly.

Projected High: 4,582.0005 (17.9004 points)
Projected Low: 4,511.2505 (52.8496 points)

Bullish above 4,583
Bearish below 4,544

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