Nifty has entered the upward sloping channel once again whereby it would witness strong resistance at 5,425. However, loss of support at the psychological mark of 5,300 would see it drifting down to 5,260 levels. Implied volatility has decreased indicating declining caution amongst participants.
<b>Pre-mkt: </b> Sensex likely to open firm
Nifty has entered the upward sloping channel once again whereby it would witness strong resistance at 5,425. However, loss of support at the psychological mark of 5,300 would see it drifting down to 5,260 levels. Implied volatility has decreased indicating declining caution amongst participants.
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First Published: Oct 10 2007 | 9:55 AM IST
