Tuesday, April 14, 2009

Nifty Update for April 15 - Inder Bhatia

The Indian market opened on green note and saw a choppy session to close in the positive zone. For the coming session, the market will trade in a narrow range. From the last two sessions, the hourly RSI is indicating negative divergences, thus for any longs, keep a tight stop. On the lower side 3341-3316 would act as a support zone. Trading above 3390, Nifty will try to kiss 3411-3436.

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