Monday, May 27, 2013

NIFTY DAILY 27 MAY 2013



Nifty Daily News
Nifty Today-: Today Nifty opened at 5989. Nifty made high at 6099 and low at 5975. At the end nifty closed at 6083.
Trend -: Long Term Trend is down. Intermediate and Short Term Trends are up.
Today Nifty showed a wide range 125 points and ended on a positive note. Traders may buy above today’s high with a stop at 5970, but one should remain cautious as there seems to be a negative divergence between the prices and indicators, as well as the moving averages are also bundling . Nifty may remain choppy after a big rally.

Nifty for short term 

Support
Resistance

6050
6089
6015
6109
5992
6129

Nifty long term 

Support
Resistance

5977
6083
5910
6131
5851
6182


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