Wednesday, May 19, 2010

Nifty : Below 200 DMA

Today Nifty closed below 200 dma after a long time .


  1. Hi Renu,
    After this break, what is the next strong support level. I am bearish about tomorrow's market but, need to know some danger signs as well, cause I have some long positions since almost 9 months and will exit if market declines further.
    - Sunny Talreja

  2. Hi sunny,

    I think nifty will definitely take support at 4800 levels and after that we could see a good bounce.