NIFTYlogy for 13th May.

>> Tuesday, May 12, 2009

NIFTY gave an excellent gain even after the bad IIP data.
Large caps gave excellent returns.
NIFTY broke the first resistance and rallied towards the second resistance.
Now NIFTY seems to be in a bullish mode.

NIFTY TRIN at 0.446

NIFTY magic levels
Current Spot - 3681.1
Support - 3646.20 and 3610
Resistance - 3704 and 3734

Action - Wait and Watch.

NIFTY Auto generated Technicals.

Happy Investing!