Monday, December 17, 2012

18/12/2012 Trading View

Nifty made a high of 5886 low of 5850 and closed at 5857 which is 21 points down from previous close.

Nifty has struck in a range bound mode. Today it will get the answer for that from the RBI's monetary policy announcement.

Nifty is having support at 5840 and the resistance comes at 5950
A move below 5840 will take Nifty to wards 5777 and further and a move above 5950 will take towards 6000 and further.

Today we can expect lot of volatility so trade with strict stop losses.

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