Nifty Technical analysis for December 7 2011

Nifty Technical analysis for December 7 2011, Nifty Support and Resistance Levels 07/12/2011 ; Markets continued lackluster trades as metal and realty shares exerted pressure. The Sensex, after showing some volatility in a narrow range, is now down -41.50 points at 16,805.33. Nifty is down -11 points at 5039.15.

Nifty Futures shut stop at 5072.25 down by -8.45 points or -0.17 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5090 else below support level of 5020 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5090 & above this level the next resistance is seen near the 5180 mark.

SUPPORT: It has first support close to the level of 5020 & below this level the next support is seen near 4930 mark. Read Nifty futures tips outlook december 7 2011 For the latest updates PRESS CTR + D or visit Stock Market news Today

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