>> Sunday, February 8, 2009
NIFTY was in a range bounded mode. Last week NIFTY closed at 2821 and this week at 2843 just a minor increase. The week was Volatile.
NIFTY TRIN at 0.286
Over all Nifty bearish.
5 day EMA at 2813.42
Pivot - 2890
Support - 2795 and 2745
Resistance - 2932 and 3045
Over all range bounded mode in coming week with more volatility expected.
NIFTY target for next week between 2745 and 2890.
Check NIFTY Autogenerated Technicals every day here. (LINK)
Whats HOT this week - TATA Nano will be launched on the 3rd of March.
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