Nifty Road Map 28/06/11

Here’s a profile chart of the Nifty action of today.

We see :

– A strong open drive from 5444 to 5512
– A p shaped profile pointing to short covering in the market
– Minor selling at 5558

For tomorrow :

– Immediate support will be at 5501
– Resistance at 5558-5564
– Above 5564, NF can do 5594

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