NIFTY THIS WEEK [ 29/03/10 – 01/04/10 ]
Nifty traded in tight range. This week too nifty had closed higher than the previous close. Volume was almost same as last week. For past 8 weeks nifty had been trading in a positive region. Technically a doji has formed in the price chart. Still stays above the 20 and 50 EMA. FII’s were this week too remained net buyers. However in the last trading day their purchase had gone down significantly. DII’s, who remained net sellers continuously from the beginning of march, had bought for couple of days on this week, which is a positive one. All through the week nifty had good support at 5220 and 5300 as a strong resistant. I had expected a break out this week, which had not happened!
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