After five consecutive choppy sessions, today Nifty witnessed good recovery and closed near 4,700 levels with sound gains. For coming trading sessions Nifty is expected to test the higher zone of 4750 level and buying momentum may be continuing above 4,700 levels. If Nifty do not hold 4,700 levels then profit booking may also be seen.
For Intraday Trading on Thursday 22-Dec trend deciding level is at 4,700. If Nifty manages to trade above 4,700 levels, then rally to 4,750/4,800/4,835 may be seen. While on the downside if Nifty fails to show strength above 4,700 levels then selling pressure till 4,650/4,600/4,550 may also be seen.
0 comments:
Post a Comment