INDIAN STOCK MARKET VIEW FOR APRIL 12, 2012

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

 

S&P CNX NIFTY (5,226.85)   -16.75   -0.32 %

No clear trend emerging !!! Market is currently taking support at 200 dma i.e at 5212. A break and close below 5135 or 3 day consecutive close below 5212 will be bearish.A break above the triangle i.e 5379 is bullish.