Nifty View 08/12/09

Long expected correction till 5050 level has happened today. Up to me it can be taken as a healthy correction and refueling time for Bulls to take charge on the markets. Except Nikkie almost all other world markets are struck with a small trading range.

So this is not a trendy markets for day traders to have some easy picks. This may even continue for few more days also. So traders should trade lite and should book quick profits.


Nifty spot levels for the day:

5032 - 5051 - 5083 - 5117 - 5158