equityresearch
Equity Research
In the short run 4,990 will act as a strong resistance area from where we could see some selling pressure emerging and it would be very important for the Nifty to maintain above the 5,000 mark with huge volume to hold the current momentum. And on the down side 4,780 is the area to keep a watch-out, a break below could weaken the current uptrend. On the higher side if Nifty breaks maintains above 4,990 with huge volumes then 5,060 is the immediate target.
http://www.nirmalbang.com/Upload/Morning_Call_170909.pdf
http://www.nirmalbang.com/Upload/Morning_Call_170909.pdf