December 29, 2011

Intraday View For 29-12-11

Nifty: Resistance 4735/4747/4777
Support 4696/4666/4636

Nifty opened - ve inline with our expectations & traded with negative bias for whole trading session. Today, Nifty expected to open lower & if Nifty trades below 4696-4685, then more weakness can be seen. Fresh longs are advised only above 4800-4820 zone, else we will keep witnessing selling pressure from higher zone. Today being expiry, we can see alot of volatility & stock specific moves.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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