Friday, 6 January 2012

Outlook of Nifty for 6th Jan


Nifty future immediate resistance is placed at 4785 and crossover will move to 4795-4799 and then at 4808. Only above 4808 can target 4840-4848 on any further up move a tough resistance is seen at 4879. The supports are at 4756-4725 and on breach of 4702 one can expect nifty to slide for a gap fill-up between 4680-4656.

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