Monday, December 12, 2011

12-December 2011 Share Market Status

Today Nifty could see gap up due to firm asian markets and its opening test at 4920 and 4935 levels. If NIFTY trades above 4935 it can move towards 4951 to 4990 levels.
The lower side, support for the NIFTY is seen at 4840 and 4815. Below 4815 one could see huge selling pressure. Wait and Watch out for IIP data later today (Prior: 1.90%, Expectation: (- 0.70%).

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