Tuesday, April 28, 2009

CONGESTION ZONE

Range 3350-3450 is the congestion zone with 3500 as resistance..nifty spot has to trade over 3400 for positive bias. Today's pivot is NF 3462 for resistance at 3494-3521 and support at 3439-3411. Bullish over NF3479 and bearish below 3461. Trade carefully till the range breaks out.

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