nifty futures trading tips dec 23 2011

nifty futures trading tips dec 23 2011 ; Benchmark share indices ended higher Thursday, amid a volatile trading session, led by banks after slump in food inflation to 4-year lows, rekindled hopes of rate cut by the central bank sooner than expected. The 30-share Sensex provisionally ended at 15,813.36 up 128.15 points or 0.82 % and the 50-share Nifty ended at 4,733 up 40.70 points or 0.87%.

Market started with a negative mode today and touch a intraday low of 4538.4 early in morning today although it manages to close in positive trend.
Today Nifty closed at 4,733.85 with 40.70 gaining points or 0.87% up. Nifty clawed back above the 4700-mark for the first time in last five sessions on closing basis, aided by further short covering in banks, capital goods, oil & gas, FMCG and power stocks. European markets too lifted the confidence, rising 1-1.5% led by banks.

Nifty Trend For dec 23 2011

Today Nifty Closed at 4,733.85 with the gain of 40.70 points or 0.87% Up. Nifty is looking bullish in the next trading session if it manages to trade above the Resistance level of 4830 else below Support level of 4640 it would be in an down trend.

Nifty Levels dec 23 2011
Support : 4640 : 4570.
Resistance : 4830 : 4900.

source http://nifty-futures-tips.blogspot.com/

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