Markets again followed the same consolidation phase unmoved by the election results in Gujarat & Himachal while closed in red. Nifty future had a free fall towards 5900 after it surpassed the level of 5930 and took reversal from its important support of 5900. On hourly charts, it is getting strong support of the trend line near to 5920 level surpassing which it may drag towards the support range of 5880-5830 while 5970 is still acting as stiff resistance in the coming session.
TREND: SIDEWAYS
SUPPORT : 5880 & 5830
RESISTANCE: 5970 & 6010
Nifty Trend-21/12/2012
Friday 21 December 2012
Nifty Trend-21/12/2012
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