Sunday, December 2, 2012

S&P CNX Nifty for 3 December 2012.

The tipping point for the day is at 5864 and if the Nifty manages to stick it's head above this point then the bullish rampage will continue with immediate resistance at 5901, 5928 and 5958.
However, if it trades below 5664, then a bout of sideways consolidation may be seen with immediate support at 5841 and 5816.
Our outlook for today is of continued optimism albeit with sideways consolidation before a new intermediate 52 week high is made.

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