Friday, December 9, 2011

Intraday Update 9-December-11 - Nifty

Yesterday's plan was to go short below 4920 could not be materialized as Nifty opened gap-down @ 4870. and filled the gap of 1st December.



Intraday basis, 4880 is acting as resistance and 4849 as support. We may consider long trade above 4880 with SL below 4840 for the target of 4910-4930-4950.

positional traders can buy between 4840  to 4880 with SL of 4790 target should be 4950-5050-5130

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