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Jul 14, 2012
Nifty Analysis for 16 July 2012
Daily and Weekly Trend is down below 5270 (SAR)
Support are 5160-5040-5000
Resistances are 5270-5300-(5344)-(5377-5385)-5498-5630
Terminates all Short position if market trade above 5300
Nifty seems to be struck between two GAP ( 5157-5187) and (5265-5300)
Range bound market expected to play between 5157 and 5300
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