Markets dropped about 1% on account of weak global cues and uncertainty over US fiscal cliff further dampened the sentiments. Nifty future opened gap down and remained lower for the whole session and found support around 5850. On daily charts, its closing indicates a lower consolidation which appears to give a breakout below its important support of 5830. On higher side, 5900 is seen as the key resistance level.
TREND: SIDEWAYSSUPPORT : 5810 & 5770
RESISTANCE: 5905 & 5950
Intraday Market Trend-24/12/2012
forex
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