Posted by: Babu Suresh | January 31, 2009

NSE Nifty Spot-Weekly Analysis – 1st Feb. 2009

Daily and Weekly charts of Nifty Spot:
 
Nifty_Spt_D&W_300109
Nifty showed a remarkable recovery, closing up by 7.3% on a weekly basis amidst good amount of short covering as well as fresh buying.
 
In the absence of any positive news from either our central bank or from the govt., sustenance above the closing is still a big question mark. Subject to influence from the international markets, nifty may hover between 2595 and 3145.
 
Healthy and Wealthy Trading.

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