Sunday, December 30, 2012

S&P CNX Nifty for 31 December 2012

The tipping point for the last trading day of 2012 is at 5903 and if the benchmark index holds above this level then it will find resistance at 5923, 5945 and 5960.
On the flip side if it slips below 5903, then a bought of selling pressure may take it down to 5884, 5866 and 5850.
Our outlook for the day is that the market will consolidate with a bullish undertone.

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