Friday, October 19, 2012

Nifty has resistance at 5730-5750: Sudarshan Sukhani

The Indian market witnessed a decent rally on Thursday. In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com says there is a strong resistance band in the 5,730-5,750 area. "The Nifty needs to cross that zone for us to say that the uptrend, which we were seeing for the last two months, has resumed and the correction is over," he adds.

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