Friday, 16 December 2011

Outcome of Nifty & Banknifty for 15th Dec


Nifty future had mentioned immediate resistance comes at 4770-4783. Also had mentioned on breach of 4718 nifty can slide to 4688. Verify on breach below 4718 it slipped to 4688 and more on panic selling and in the afternoon found exact resistance at 4783 placing a high of 4784.Bank Nifty future had mentioned immediate support comes at 8470 and break below with volume sharp fall will target 8352. Verify below 8470 crashed to the indicated level of 8352 placing a low of 8362.

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