Last Week Indian Markets showed resilience & sharp pullback was witnessed form new yearly low of 4540 to 4775 levels followed by short-covering & selective buying support @ lower levels post pullback in global markets on A/c of successful spanish bond auction & better US data w.r.t unemployment & housing as well as India's Lower food Inflation nos & upgrading of India's debt rating by Moody's.
Coming Week, Uncertainity over news-flow from political front over Lokpal Logjam & reports over a possible fuel price hike would be very crucial & may have a negative impact.
Movements would be very choppy & volataile ahead of FnO expiry on 29 Dec (Thursday).
Going Forward, If Nifty Fut holds 4596 & crosses resistance zone of 4865-4874 with volumes, Trading pullback upto 4994/5076 would be witnessed. But If fails to cross & sustain abv 4874, Will be in a trading range 4596-4874.
Strong Support lies @ 4596-4610.
If breaks & sustains below 4596, Nifty could witness a freefall upto 4435 & 4290 Levels.
Regards,
Team Market View Investments.
Mo : 9987750901.
Visit www.mktviews-nifty50.blogspot.com
Facebook : www.facebook.com/mktviews.
Never Forget : Our NATURE is our FUTURE !!!
Last Week Indian Markets showed resilience & sharp pullback was witnessed form new yearly low of 4540 to 4775 levels followed by short-covering & selective buying support @ lower levels post pullback in global markets on A/c of successful spanish bond auction & better US data w.r.t unemployment & housing as well as India's Lower food Inflation nos & upgrading of India's debt rating by Moody's.
Coming Week, Uncertainity over news-flow from political front over Lokpal Logjam & reports over a possible fuel price hike would be very crucial & may have a negative impact.
Movements would be very choppy & volataile ahead of FnO expiry on 29 Dec (Thursday).
Going Forward, If Nifty Fut holds 4596 & crosses resistance zone of 4865-4874 with volumes, Trading pullback upto 4994/5076 would be witnessed. But If fails to cross & sustain abv 4874, Will be in a trading range 4596-4874.
Strong Support lies @ 4596-4610.
If breaks & sustains below 4596, Nifty could witness a freefall upto 4435 & 4290 Levels.
Team Market View Investments.
Mo : 9987750901.
Visit www.mktviews-nifty50.blogspot.com
Facebook : www.facebook.com/mktviews.
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