As written in my previous post Nifty took support @ 5700 to close @ 5724 (all levels are as per the futures in this entire group). I don’t sense any weakness in our market. Despite consecutive bloodbath in US, European & even some of the Asian Market we have witnessed strength to strength in Nifty. Check the attached chart, there were no gap down, no panic selling only some profit-booking were seen in weekend.
Today’s supports are 5730 & 5700, Market direction would be decided by today’s closing November 18, 2012.