Wednesday, December 21, 2011

Market Today and Nifty Trend for Tomorrow

Market made a magnificent recovery and ended over 3% higher today. All the sectors ended with green mark. After a gap up opening, Nifty took off during last hours of the session and made smart gain.

 NSE's S&P Nifty index gained 148.95 points and closed near 4700 level (4693.15). Nifty Futures closed at 4718.20 up by 163.70%.

Though it was a pullback short covering rally but we can expect the positive trend to extend through this festive week.

A consistent trade above resistance level of 4725 will be required to carry forward this bullish momentum while Nifty is having support near 4650 level.

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Posted By Commodity MCX Tips