Monday, January 16, 2012

17/01/2012 Trading View

Nifty made a low of 4827 high of 4880 and closed at 4873 which is 7 points up from previous close.

Nifty made good move in the last session and closed near the high. Which shows strength and expected to open positively.

But on the higher side it will move only on crossing 4920 and it can go up to 4965 Be cautious on long position the trend may get reverse any where in between this region.

On the down side 4780-4800 will provide good support on breaking this it will drag the Nifty towards 4700.

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