| Summary of Contents
PUNTER'S CALL
Other technical observations
On the hourly charts, the momentum indicator has turned positive and is trading around the zero line. The Nifty is trading around the 20-hourly simple moving average and the 40-hourly exponential moving average, ie 6171 and 6203 respectively, which are crucial levels in the immediate run. The market breadth is positive today with 747 advances and 361 declines on the National Stock Exchange.
Tug of war
The Nifty opened in the negative today, down 3 points at 6129. It is now trading at 6205. Over the next couple of days it is expected to trend down till 6129. In this period the key support will be at 6129 and resistance will be at 6250.
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