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Nifty Spot Analysis Update

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Nifty Spot

(Updated on 04-02-2013 at 07.40 AM)

As projected on Friday Nifty spot faced

resistance at 6051 made vertical dive below 6022

and made low at 5983 and closed at 5998.90.

Support at 5982-5972 for intraday.

If breaks below 5972 and trades below for 20

minutes then expect slide up to 5955-5933.

Hurdle at 6022-6032.

With Successful crossover above 6035

with volumes, Nifty may resume uptrend

up to 6052-6070

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Mr.Guru is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They've black magic of stock market analysis because studied charts over 20 years.

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