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Main » 2011 » January » 19 » NSE Nifty daily chart
9:46:03
NSE Nifty daily chart

Nifty (5724.05    +69.30)

 

After closing flat yesterday and testing 200EMA, Nifty has bounced back and closed comfortably above 5700 levels while Sensex has closed above 19000. All BSE Sector Indices except for Oil & Gas closed in positive zone led by IT & METAL stocks. The overall market breadth managed to end on the advancing side though the volume in the cash market segment remained on the lower side. It’s very close to resistance zone of 5730 levels. Once these levels can be crossed on sustained basis tomorrow the pullback may extend towards 5770/5830 but failure to do so may once again invite correction which can take Nifty towards 5620 levels again.




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