It was a cheerful trading session for the Indian Stock Markets. Both benchmark indices traded very well and closed with handsome gains of ~2.25%. Nifty has given a positive breakout today. The short term trend has turned positive and from here on more upside cannot be ruled out. However high volatility can be expected since Q3FY12 result season has started. Global developments will continue to influence the market sentiments.
For intraday trading tomorrow 11-Jan, Nifty has resistance at 4,900-4,950. On the downside supports are placed at 4,770-4,720 levels.
For intraday trading tomorrow 11-Jan, Nifty has resistance at 4,900-4,950. On the downside supports are placed at 4,770-4,720 levels.
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