Thursday, August 13, 2009

NIFTY Outlook for 14th August 2009

NIFTY put on a heck of a rally on Thursday. What happens next? Keep an eye on the highlighted yellow spot on the chart. That area could potentially repel NIFTY and force further falls.

Projected High: 4,687.3750 (82.3750 points)
Projected Low: 4,531.7749 (73.2251 points)

Bullish above 4,636
Bearish below 4,573

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