nifty tips resistance level january 9 2012

nifty tips resistance level january 9 2012 : BSE Sensex and NSE Nifty closed the week with gains of 2.6 per cent each. With food inflation index slipping 3.3 per cent, hopes are rising that lower interest rates and growth are around the corner. The broader BSE 500 index gained 2.8 per cent. The stocks of MMTC and Hindustan Copper were the top gainers of the week adding 67 and 57 per cent over the course of the week. The gains have been attributed to SEBI's clearance to auction stakes to investors and their limited free-float.

Other beneficiaries of the SEBI ruling to allow direct stake sales were the stocks of State Trading Corp and Dredging Corp which gained 53 and 33 per cent respectively.

NIFTY Support and Resistance for monday 9 jan 2012
Support :- Technical Support for the Nifty is marked near support1 = 4709Support2 = 4636 , Support3 = 4580 7

Resistance :- Resistance levels for the Nifty are Resistance1 = 4838 , Resistance2 = 4894, Resistance3 = 4961

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