| Summary of Contents
PUNTER'S CALL
Other technical observations
On the hourly charts, the momentum indicator has turned negative and is trading above the zero line. The Nifty is trading around the 20 hourly simple moving average and the 40 hourly exponential moving average, ie 6190 and 6144 respectively, which are crucial levels in the immediate run. The market breadth is positive with 616 advances and 487 declines.
Showing some weakness again
The Nifty opened in the positive today, up 7 points at 6209. It is now trading at 6164. Over the next couple of days it is expected to trend up till 6230. In this period the key support will be at 6144 and resistance will be at 6230.
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