Wednesday, 21 December 2011

Outcome of Nifty & Bank Nifty for 20th Dec


Nifty future had mentioned immediate resistance comes at 4632 and sustenance above can rush to 4671 and also mentioned immediate support at 4611 and if fails to stay above we can again retest 4552-4531. Verify in the morning opened below 4632 placed a high at 4640 but failed to hold 4632 and then got dropped below 4611 which ended up near the support mentioned of 4531 placing a low of 4538 for the day. Bank Nifty future had mentioned immediate support at 7962. Verify the support acted as a resistance it opened below 7962 and placed a high at 7965 and was dragged down to 7805 and more in panic selling.

1 comment:

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