Nifty: Resistance 5050/5082/5115/5151-5165/5182
Support 5007-4994/4949
Again 100% movement was seen in Nifty as written yesterday.Nifty made a low of 5004 & took exact support in our given range & bounced back to 5050+ zone. For intraday on downside, as said yesterday, below 5007-4994, Nifty may test 4949 & lower support area. Nifty sustaining above 5050, can see further more upside to 5082-5115 range. Nifty is expected to open flat/-ve & to trade in a narrow range in early hours of trade before to take further trigger on either side.
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December 16, 2009
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