Thursday, December 4, 2008

Nifty clears 2670, Closes ^ 5DEMA and nearing 2830-2860 Resistances

There was buying in other stocks with good volumes..
We are nearing the resistance area of 2835 to 2860..
Last week close 2755...support now..This week high, Low sofar is 2833...2570..
And we are trading near the high of the week. If we manage to close near the highs, that will give a strength to the weekly technicals..

As Nifty has not surpassed the recent high of 2835, there is chance of a sharp fall if any bad news should come in.Action in individual stocks are happening with volume.

Markets can do as it did after touching 3160...Just fell to 2503 non stop..One more day of confident trading is required for this uptrend to gain momentum..









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