Tuesday, January 3, 2012

S&P CNX Nifty for 4th January 2012.

The markets seem to be on a bullish mode owing to short covering. 4720 mark is the new immediate support. However 4650 may be considered as strict stop loss for bulls below which supply may emerge. If the Nifty trades above 4750 mark with good volumes and for longer time, we can see it go up to 4880 mark.

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