Thursday, 8 December 2011

Outcome of Nifty & Bank Nifty for 7th Dec


Nifty future had clearly mentioned has formed Harami White in daily charts, Monday's high or low will prove to be crucial. Verify as soon as it crossed the high a sharp up move was witnessed in no time.
Bank Nifty future had mentioned immediate resistance comes at 9256 and cross over with volume will target towards 9325 and also mentioned a break below 9230 will target 9160. Verify it almost tried to touch the indicated target of 9325 and then it exactly made a low of 9158 near the support of 9160, just missing by a few points.

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