Monday, December 5, 2011

Market Today and Nifty Intraday Levels for 7 December 2011

Nifty ended up with slightly negative note after trading in a range-bound session with negative bias all the time. Market felt some downside during noon trades but recovered afterwards and finally NSE index Nifty managed to close at 5039.15 after losing 11 points.
Nifty futures lost 8.45 points and settled down at 5072.25. The market spent most of the Monday digesting previous week's gains and remained consolidated in a range of tight 50 point band.

On Wednesday, market is likely to trade in sideways with slightly positive bias. But a sudden rise above 5109 may invite an upside rally in nifty futures. However trading below 5000 level can invite some sell off in the market. 


Posted By Commodity MCX Tips