Nifty may see some profit booking and weakness if it trades below the 4730 mark on good volumes and for longer time. Immediate supports are at at 4675 and 4620. However if it trades above the 4760 mark for longer duration, a fresh spike may lead it upto 4807 mark which is a strong resistance- longs may see unwinding at this point. If 4807 is conquered then 4865 will act as a resistance and then to 4895.
Tuesday, December 27, 2011
S&P CNX Nifty for 28th December 2011.
Nifty may see some profit booking and weakness if it trades below the 4730 mark on good volumes and for longer time. Immediate supports are at at 4675 and 4620. However if it trades above the 4760 mark for longer duration, a fresh spike may lead it upto 4807 mark which is a strong resistance- longs may see unwinding at this point. If 4807 is conquered then 4865 will act as a resistance and then to 4895.
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