- A 7% rally last week was a good one.Now you may witness when few stocks inching up few might down
- FDI in Retail callback might effect bourses initially.Any correction should support Nifty between 4930-60 range though derivative data still suggesting a rock support at 4700
- 5200-5300 levels are higher range for Nifty as of now.Extreme positive momentum prevails when RBI cuts the interest rate and Europe crisis gets a solution on December 9th.These might push Nifty beyond 5200 if positive outcome comes.
- Before 5200 we have 5110 as major hurdle.Initial corrections should hold 5020
- Avoid oil&gas sector for the day.Tata power can show positive momentum in today's trade despite Nifty weakness
Best to your trading
Disclaimer:No positions in above mentioned stocks
