For the Nifty to continue in its bullish mode, it will have to trade above the 5434 mark with good volumes. However, the technical indicators are suggesting that the market may loose some ground in which case 5350 should act as a support for the bullish consolidation. However, below 5350, the next support is at 5285 below which fresh shorts will be built.
The market may see some volatile moves as the settlement of the Futures and Options is on 30 August 2012. Short term traders are advised to not to carry over their positions overnight till the settlement for August is over.
The market may see some volatile moves as the settlement of the Futures and Options is on 30 August 2012. Short term traders are advised to not to carry over their positions overnight till the settlement for August is over.
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