Friday, 2 December 2011

Outcome of Nifty & Bank Nifty for 1st Dec


Nifty Future boldly and clearly mentioned to go shorts at 5004-5036 levels and also suggested above 4939 it can rush to 4997-5004. Verify it opened above 4939 and rushed to 5004 and got arrested just moving a few points above. What happened next the short side got effective and in the second half it crashed precisely near 4939 in panic making a low of 4936.
Bank Nifty Future suggested to go short at 9141 and also suggested above 8714 it can move towards 8822-8848 however it did not reach the mark of 9141 but got resisted above  9000 levels and came down towards the precise resistance of 8822 which acted as a support and placed a low at 8825 for the day.

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