*Weekly Nifty Update 12 Feb, 2010 by Tanmay G Purohit* Nifty has closed positive +69 points at 4826 which is first positive close in last 4 weeks and market has shown quite a resilience to negative global market cues. Nifty was gap-down on Friday 5th Feb, but now the gap is closed and once we sustain past 4850 a swift rally towards 4950-5000 is possible. Nifty has time and again shown good support near 4700-4730 levels and below that we have 200DEMA which is 4659 which can be a crucial support too, so the downside looks limited. Read complete update: http://tanmaygopal.blogspot.com/2010/02/weekly-nifty-update-12-feb-2010-by.html
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