Monday, December 26, 2011


Weekly Trends: Some recovery was seen last week from the low of 7750, and finally it made a high of 8465. Now in this week consider, Trend Decider will be 8169, as long as remains above it will face resistance at 8500-8550, and successfully breaching this level will move towards 8800 and above. However, cautious approach for higher-level again.
Intraday: At the end of the week, Bank Nifty opened positively, was unable to cross 8500, and was showing some volatility in the market. At the end it closed negatively. Now we may consider higher-level resistance at 8420-8500-8626 and support at 8240-8170-8000.

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