Saturday, December 3, 2011

S&P CNX Nifty for the week 5th December 2011 to 9th December 2011.

                      The market closed on a  bullish note at 5050.15 last week. If the Nifty trades consistently above the 5110 mark with good volumes, a short term uptrend can not be ruled out in the immediate term which may take it to 5170 and then to 5296 levels. Support lies at 4900. Traders are advised to trade long with strict stop loss at 4800. Profits may be booked partially above 5100 levels. It may be kept in mind that next week is a truncated week on account of holiday on 6th December2011.     

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