Thursday, December 15, 2011

Nifty Today and Market Trend for Tomorrow

It was a volatile day for Indian market and it recovered most of its day's losses in Last hour of the trade. Due to this late trade recovery, Spot nifty cauld manage to moderate losses and closed at 4746.35 down by 17 points. Nifty Futures made a gain of just 0.90 points to close at 4765.10.

The market will be much depending upon the mid-quarter review of monetary policy tomorrow at 12 noon from the RBI.

The market is likely to remain positive for tomorrow. As we saw today Nifty recovered from a fatal level of 4680 to substantially good level so we can expect this recovery to continue for tomorrow as well.

Technically the nearest resistance for Nifty  is seen near 4790 above which Next resistance is 4850.
Nifty Support is close to the level of 4670. 

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senthil said...

nifty will reach up to 4850 in Monday to Wednesday

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