Wednesday, December 14, 2011

Nifty Tips For This Week & Todays

Weekly Strategy For Nifty
Last week, we saw lot of volatility in the market. But finally it was unable to hold 5000 and made a low of 4841. For the week ahead, it will take a support range of 4810-4800, decisively break and decline below the lower level target of 4750-4640. Higher-level resistance to continue at 5000-5100 - 5125 to watch out. 
 Today's Nifty Strategy
Nifty opened negatively after very volatility in the market, and was showing some correction situation. At the end, it was showing very good short covering in the market and closed positively. Technically below 4916, we can see more downside in the market. We can see the next target at around 4350. Now consider resistance at 4830-4911-5025. Downside support at 4730-4639-4538.

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