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February 27, 2012

NIFTY SAR


Friday’s figures are as below:

High
Low
Close
EMA 10 (SAR)
SMA 20
Nifty (Spot)
5521
5405
5429
5464
5382
Bank Nifty
10759
10435
10506
10674
10415

Both the indexes decisively went below SAR, and took support at 20 DSMA. Last cluster zone     at 5327-5424 is offering support here. Nifty should decisively brake this support zone to show further weakness.  

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