Nifty Tips
The First trading session of December month closed in a firm note as central banks took some promising efforts to overcome the Euro zone debt crisis. However the market could not make it to close near its day high (5,023.35) which witnessed just withing five minutes after the session started and closed at 4936.85 with a gain of 104.80 points. Nifty futures settled at 4957.15 up by 124.80 points.
Technically a the trend is likely to extended on Friday as well and Nifty may touch 5000 level today. Above the same, it may continue the bull run till 5055-5072 level while below 4900 Nifty may witness reversal move.
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