Thursday, 22 December 2011

Outcome of Nifty & Bank Nifty for 21st Dec


Nifty future had mentioned cross over above 4671 can target 4718-4731 and also since last 2 days I have been mentioning about 4611. Verify the low was placed at 4613 and once crossed 4671 it rushed to touch the indicated level of 4718-4731 placing a high of 4725 for the day. Bank Nifty future had mentioned resistance 7962-8094 and in my earlier post of 20th Dec I have clearly mentioned the resistance above 8094 was 8231-8271. Verify opened above the resistance of 7962 and once crossed 8094 it rushed to 8231-8271 placing a high of 8248 for the day.

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