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Thursday, December 20, 2012

Analysis of NIFTY: 20-December-2012


In our Opening Bell we observed, "5910 on the lower side becomes important support level for NIFTY. Breaching that level we may see some fall upto 5870/5845". Today NIFTY made low of 5981.



This view is still valid. Although above 5920 NIFTY may give quick 20 points on upper side. Selling pressure may be seen tomorrow also.

Grossly NIFTY is range bound and it looks tough to break the range of 5830-5960 in near term.

Wish you happy trading !!

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