Wednesday, 18 September 2013

Nifty Opens with a Gap. Is this a Short term rally? Lets Read will 6093 play spoil sport?

Nifty opens with a Gap breaking its major trendline forcefully. Will this Rally Sustain or Nifty will come down soon to fill the gap.

For Nifty, 6093 is the immediate resistance and then teh next Resistance is too far at 6229. At present Nifty is comfortably settled above its 100 day and 200 day SMA.

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