Monday, December 19, 2011

Market Today and Nifty Levels for Tomorrow

After facing extreme selling pressure throughout the day, Market managed to recover in last hour of the trade to reduce the losses incurred during the day. Vindication of slowing down of India's growth rate had the negative effect on market. NSE's S&P CNX Nifty closed at 4613.10 and declined 0.83%.

Nifty futures ended up at 4613.75 down by 29.40 points. For upcoming trading session Nifty is likely to trade in trade lower on the index and inability to manage above 4600 level may drag nifty down to 4550 level. Breaching the support line of 4530 would invite more woes in the market while a trade above 4640 could bring some positiveness in the market.

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Posted By Commodity MCX Tips