Monday, December 26, 2011

S&P CNX Nifty for 27th December 2011.

The market was roaring today albeit on thin volumes. If the Nifty sustains above the 4775 mark on 27th December conclusively, fresh trades may be initiated with 4710 as strict stop loss. However 4865 will act as a resistance, which if conquered will lead Nifty to 4895. On the flip side however, consistent trades below the 4710 mark will see nifty at 4675 and 4620.

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