Wednesday, April 13, 2011

Market Technicals


Pivot analysis at 12-00
 Open Interest for Nifty put options of 5700 and 5800 are 13.06 and 35.79 respectively. So it's clear that market will have a good upmove intraday. Now how much upmove will happen will be determined by the hourly pivot analysis.

Market News

Market to open in a softer mode after a day break in line with global markets.
Please check out technical analysis for more details.
Market today suggests that initial support for Nifty is 5765 and 5745.