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Tuesday, December 4, 2012

Analysis of NIFTY: 04-December-2012

We saw another day of consolidation in NIFTY, which gave decent trading opportunity on both side as per our specified trading range. 







Today's closing of 5889 is well above support line (marked by green line) and above all important EMAs in 30 min chart. It suggest NIFTY may breakout in upper side from current trading range.

We suggest traders to stay long with proper SL.

Wish you happy trading !!!

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