Thursday, July 30, 2009

NIFTY Outlook for 31st July 2009

NIFTY put on a good fight today and closed up nicely. But what of our bearish scenario? See chart for brief comments.

Projected High: 4,630.8252 (59.3750 points)
Projected Low: 4,522.9751 (48.4751 points)

Bullish above 4,590
Bearish below 4,552

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