Monday, 17 December 2012

Weekly NIFTY Updates


The Nifty index for the week more or less remained in a tight range and closed in green on the last trading session. The profit booking in Nifty through out the week and last day pull back still focuses on Nifty can touch higher levels in coming weeks. 

"Nifty can face resistance from the levels of 5,970 and if it is crossed then the levels of 5,990 and 6,010 can be tested. On the downside, 5,825 would act as a strong support level for the markets. A breach of this level would increase pessimism and Nifty may face more selling pressure and it may test the level of 5,790 and 5,770 level."

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