For the next week 26-30 Dec, Nifty is expected to remain choppy in the range of 4,625 and 4,850. For the week Nifty is having important resistance level at 4,770 on a close basis. Trading above this level may attract short covering in the market and in that case markets can extend its ride minimum to the level of 4,950 and maximum 5,050 on higher side. While contradictory closing below the level of 4650 will be the first alarm to bulls and further slippage below 4,620 will be hard landing on the bulls, selloff can extend to the tune of 4,550 level.
Intraday Nifty Trading Tips : 26-Dec
traders are recommended to trade long in Nifty from lower support zone at 4,680 for targets of 4,720 - 4,750 with a stop loss placed at 4,650.
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