Thursday, December 22, 2011

Nifty Range and Intraday Tips For Tomorrow

The Market extended the rallies to some more extent and Nifty managed to close above 4700 level. Spot Nifty added 40.70 more points to its previous close and closed at 4733.85.

Nifty futures settled at 4753.00 up by 41.50. The market remain languished for most part of the day and showed momentum in the last hour trade.

It was a volatile day for market where Nifty played between 50 points narrow range. So traders/investors may remain reluctant towards market . Technically first resistance for Nifty futures is near 4781 above which buying interest may take place. 4715 is acting as support level for Nifty Futures.

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Posted By Commodity MCX Tips