| 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 below the 20-hourly simple moving average and the 40-hourly exponential moving average, ie 6287 and 6280 respectively, which are crucial levels in the immediate run. The market breadth is negative today with 488 advances and 642 declines on the National Stock Exchange.
Following the trend to a T
The Nifty opened in the negative today, down 27 points at 6194. It is now trading at 6192. Over the next couple of days it is expected to trend down till 6130. In this period the key support will be at 6130 and resistance will be at 6287.
| 
