Tuesday, December 20, 2011

NIFTY NEXT- Nifty Trading Range for 20 Dec 2011

Nifty-Spot today(20Dec2011) may Trade with Positive Note within the Range of 4573-4647 in line with its global peers. On Daily Price Chart, Nifty has smartly Recovered from its lower levels yesterday(19 Dec 2011) as per our Technical Analysis and will keep its Upward Move today also. Nifty has formed a Hanging Man Candle Pattern on EOD Chart. Major Momentum Indicators are also showing Strength. Data for NNI is not available for 20 Dec 2011.Nifty will face strong Resistance at 4647.Closing above 4647 will start a Bull-Journey.

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