Thursday, May 8, 2008

Nifty Support at 5030 - Inder Bhatia

The Indian market closed in deep red, due to heavy selling pressure across the sectoral indices. If the Nifty trades below 5060-5030, it could test 4960 levels. However, Nifty would find support at 5030, which is its 200 EMA on hourly basis.

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