Support for Nifty seen at 5950-5920: Emkay Equity Advisory

Written By Unknown on Kamis, 25 Juli 2013 | 10.54

Emkay Equity Advisory Market Outlook:

Market witnessed selling pressure across the board and ended in red. Support for Nifty is seen at 5950/5920 levels. The 5 DMA at 6045 will act as a resistance for Nifty and a close above this will further extend the rally up to 6080/6100 levels. First sign of weakness can be seen only if Nifty closes below 5900 until then every dip can be considered as a good buying opportunity.

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