Date: 25.01.2012
We are now observing that indices Sensex /NSE Nifty have closed near the Downward Sloping Trend Line`` joining July 8, 2011 high of 19,132 / 5,740 and Oct. 20, 2011 high of 17,908 / 5,400. Hence, a move beyond yesterday`s high of 17,050 / 5,141 may reinforce positive momentum and then indices may rally towards the 200-day SMA level of 17,356 / 5,210. On the downside, the 16,670 / 5,049 level may provide decent support in coming trading session, www.goldennifty.com
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