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| Nifty - End of Day - 05 March 2012 |
Above one can see the action as of EOD yesterday - Monday 05, March 2012, the Price settled exactly on the 34 EMA, our range's lower end.
As mentioned in the weekend analysis (see 'Looking Forward') - after one day and half (today) of consolidation and some strong Fundamental cues, the index has broken out of our range on the lower side - see chart below...
The 200 DMA is the next support, about 50 points below today's close and our range's lower end as of now..
As mentioned in the weekend analysis (see 'Looking Forward') - after one day and half (today) of consolidation and some strong Fundamental cues, the index has broken out of our range on the lower side - see chart below...
The 200 DMA is the next support, about 50 points below today's close and our range's lower end as of now..
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| Nifty - End of Day - 06 March 2012 |
