23 December 2011

23 December: Watch Nifty Ø IFCI research

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Watch Nifty
Ø  Nifty recovered the lost ground in the second half of the day after making a low of 4692.35 to close at 4730.40. On the weekly chart, in the short term if nifty sustains above 4760, levels of 4840/4910 could be expected on the upside. On an intraday basis if nifty trades above 4750, levels of 4790/4820 could be invited. On the downside support can be expected at 4630, on breaking 4630 levels 4600/4560 can be seen.

Have strict stop losses 

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