Monday, November 28, 2011

Market Preditcion: Nifty Intraday Levels for Tomorrow

Indian bourses rode the bull and ended in a very positive node today. A strong pull back was seen after bearing the bear for last two weeks. NSE Index Nifty rose quite sharply and gained 141.25 points (3% ) to close at 4851.30.
Nifty futures rose 3.45% and settled at 4873.50 up by 162.55 points. The technical indicators are giving the signal of short coverings so for tomorrow also, we can expect this uptrend to continue. The next crucial level for Nifty to breach is 4909 level above which it may touch 4955 level which can be followed by 5000 level soon.

On the downside, Major support is seen near 4750 mark.

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Posted By Commodity MCX Tips