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Tuesday, January 10, 2012

Update - End of Day : 10 Jan 2012

Nifty - End of Day Chart - 10 01 2012
After one day of consolidation at the 5 EMA, the Nifty moved towards the Fib61x (@4868) - intra-day high today was 4856. The red channel top and the Fib 61x are key resistances to Nifty, which along with world markets is currently green. On the 'Weekly Chart' shown here, Nifty is currently above the 200 DMA ..as the Bulls would say, touch wood!