Mktviews Daily Nifty View (23/12/2011)

Expect Markets to open on a positive note in-line with Global Markets on A/c of better US data points.

Now, Nifty Fut needs to cross critical resistance zone 4794-4798 for bounce back upto 4829/4849. If does not cross 4798, then lower levels of 4709/4675 could be retested.

Key Nifty Futures Levels :

Supports : 4743 & 4709.

Resistances : 4798 & 4835.

Probable Trading Range : 4709 – 4835.

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