Thursday, December 20, 2012

Opening Bell for 20/12/12

Good Morning !! Due to some unavoidable condition we could not update our EOD post. Inconvenience caused to our readers are deeply regretted.

Yesterday, as per our EOD analysis of 18/12/12, NIFTY consolidated between 5910-5930.
5939 was nearly 82% retracement of the fall from 5965 to 5823.

Today NIFTY may open flat to negative. 5910 on the lower side becomes important support level for NIFTY. Breaching that level we may see some fall upto 5870/5845.

On the other hand, breaching of 5940 is important for bulls to stay in the game.

Sell NIFTY below 5910 SL 5940 target 5870/5845 

Keep eye on NP-SAR. NIFTY may take support around NP-SAR.

NP-SAR for 20/12/12 : 5888

Wish you happy trading !!

1 comment: