NIFTY SPOT VIEW-27 AUGUST 2012

8/26/2012

Market Update

Nifty is not able to hold the level 5435 yet now, further strength will come only above this level cleanly. All ultimate stock market analyst students were known that.

Resistance watch on the levels of-5435-5505 and support stand for-5310-5240-5170.There is no worry about downside until and unless broke the level 5240 successfully.

See the below chart why nifty got resistance around this level.

1^st pressure date for the month of August is 20^th August 2012 (accuracy +/- one day).

STOCK ALERT:

Axis bank strong support is 1055 and 1020.

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