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Monday, December 3, 2012

Analysis of NIFTY: 03-December-2012


In our opening bell we suggested to sell NIFTY near 5910 and buy near 5850
Nifty exactly moved as per our opening bell, sold out at 5900 made low at 5854 to close at 5781 which is above 5 EMA in 30 minute chart.



If we look at the chart, it is easily understandable that today, a pause day, NIFTY  corrected itself from overbought condition to give space for further upmove. So, we may expect a decent upmove tomorrow if 5850 holds 30 minute closing basis.

In our NIFTY Pulse page we gave intraday buy call in SBI which hits all target. Stay connected for more.

Wish you happy trading !!!

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