NIFTY SPOT INDEX: (click on the chart for larger view)
The NSE Nifty spot closed at 5050 up by 2.29% on weekend. Nifty spot
stood above 21 and 34 day EMA but didn't cross 100 and 200 day EMA which
doesn't show buying opportunity. Short term long position takers should be
cautious for next week, because of having some negative diversion in stochastic
on daily basis. There are various resistances like 5089/5129/5163 with supports
like 5005/4981/4939.
----04/12/2011
