Monday 17 December 2012

NIFTY OUTLOOK - Market Updates Today 17 Dec. 2012


Technically, Nifty future has moved back above 5,900 mark keeping traders clueless for the next session. Nifty Future entered back into 5,900 - 5,950 trading zone and a breakout only will set the near term trend. Above 5,950 level, Nifty future will test 6,000 mark whereas below 5,900 level it can slip back to 5,830 - 5,800 levels respectively.

For today's trade, Nifty is likely to trade in the range between 5,900 - 5,920 in the upper side and 5,860 -5,840 in the lower side. We expect 5,950/5,980 to act as intermediated resistance and 5,870/5,820 as support.

The Sensex has supports at 19,200 and 19,080 and resistances at 19,420 and 19,490. The Nifty spot has supports at 5,838 and 5,800 and resistances at 5,910 and 5,935.

1 comments:

The market breadth is negative as 596 shares advanced, against a decline of 2,071 shares, while 155 shares were unchanged.

share-tips-expert

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