Mktviews Weekly Nifty Analysis (27/12/2010-31/12/2010)

Mktviews Weekly Nifty Analysis (27/12/2010-31/12/2010)

Last Week, Nifty tradedin a very tight range of 140 pts.

Further Upside will continue only if Nifty Fut holds 5890.

Going Forward,

Nifty Fut will face stiff resistance at 6089-6109 levels crossing & sustaining above which, it may touch 6184 & 6239.

But, If fails to cross & sustain abv 6109, Will be in a trading range 5890-6109.

Strong support lies at 5890-5905.

Only if it breaks & closes below 5890, it may touch 5795 & 5691..





Be quick in your Trades as Movements are expected to be very spiky & Trade with Stricter SL. When in Profits, Either book Gains or Keep Trailing with a revised SL in order to maximize gains & reduce Risk Factor.



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