Saturday, September 8, 2012

September series Nifty view point.


Nifty series for September is currently trading in the traditional gap up and gap down zone as depicted in the chart. This zone is between 5180-5325 with swing highs of 5400 and swing lows of 5050. Currently it is expected to swing in this zone as 5215 has given support and the gap up has taken Nifty towards 5345 now. Many more days likely to be spent in filling up the gap rather than taking concrete direction.

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