Nifty at 16 Month High What’s Next???

By | September 30, 2009

Nifty made a new 16 months High today.Banks Stock were the flavor of the season.

But Negative Divergence is observed in both RSI and Volumes

Short term trend line support is at 5010

Support:5058 5029 5010 4975

Resistance:5112 5141

Buy GAIL if it breaks 366 tgt 370 375 380

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