Friday, April 16, 2010

NIFTY TODAY
Today nifty traded in a tight range with negative bias. It resisted strongly around 5275 levels for three times and finally closed just above the crucial support level 5245. Volume was thin. Market breath was negative. Change in open interest had decreased. FII’s were net buyers for 243.3 crores! DII’s were net sellers for 188.91 crores. Today nifty traded in the 5200 – 5100 range for all long day. Technically it was below 20 EMA.
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2 comments:

HITESH DAGA BLOG said...

where was the 5200-5100 range
pls check what you post

subhaniftycare said...

Hi Hitesh,

I could not find your email! Thanks for taking pain to leave your suggestion. Thanks! Next time I take care while posting.
Thansk!