From Nifty Weekly charts shows that nifty closed below 5-EMA(5000) average for the second time since march 2009.First time happends during the Budget week of July-2009. Nifty closing above 5000 for the next week also looks harder now as 5 EMA weekly resistance comes near 5000. medium term bulls can think about higher targets only if next weeks closing sustains above 5000.
Source:
www.marketcalls.in
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