Tuesday, December 13, 2011

Share Market Today and Nifty For Tomorrow

Indian markets finally found the the way to green belt and in a short covering session Nifty managed to gain substantially. It was a range-bound session until late trades when Market climbed up to recover the losses and NSE index Nifty ended up at 4800.60 mark with a gain of 36 points.

Nifty Futures closed at 4836.75 up by 63.05 points. Though it was a positive day, still we can not say its a start of bullishness in the market as the volume was pretty less and market seems to be no less bearish below 4800 mark. Since market is following the global markets so we can not rule out the pull back rallies also if international markets do good.

Technically 4857 is the level for tomorrow above which Nifty may touch 4889 and even 4900 while below 4879 traders can initiate short selling for day trading.


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