Friday, December 16, 2011

Nifty Trend For Today

Nifty (4746) we said `technically the market is still flat with supports emerging near the 4700 mark and resistance in the vicinity of 4850-4870' the market unfolded as expected and tested the 4700 mark and closed in the red, technically the market is weak though it tried a weak attempt to climb, the market could now trade sideways to a mild positive as 4700 seems to be a psychological support to deal with.
The support for the Nifty is at 4700 and resistance at 4850-4950.

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