Nifty View 18/12/09
Markets found it's second trading range between 5000 to 5070, but this time giving time to small traders also to access their entry. But the best thing is Bank Nifty had finally stopped it's south side move. Still it has not entered to bullish side, but made a double bottom today.
SBI showed a small hope and end near resistance level today. Reliance still moving down without any real buying. So it can be called a mixed set of performance from different set of counters. Now US markets slides around 1% due to job report.
As far us our markets are concerned, it's a buy around 5010 level and sell below 4990 level for intraday. As expiry is near, big players will try to eat the premium of options, so the sluggish trend may continue.
Nifty spot levels for the day:
Even in this sluggish trend we where able to grab a very descent profit of 50 points in Nifty and almost 110 points in Bank Nifty. For more details mail me to mkt_calls@ymail.com and join in PAID SERVICE .
SBI showed a small hope and end near resistance level today. Reliance still moving down without any real buying. So it can be called a mixed set of performance from different set of counters. Now US markets slides around 1% due to job report.
As far us our markets are concerned, it's a buy around 5010 level and sell below 4990 level for intraday. As expiry is near, big players will try to eat the premium of options, so the sluggish trend may continue.
Nifty spot levels for the day:
4977 - 4990 - 5010 - 5033 - 5061 - 5080 - 5105
Even in this sluggish trend we where able to grab a very descent profit of 50 points in Nifty and almost 110 points in Bank Nifty. For more details mail me to mkt_calls@ymail.com and join in PAID SERVICE .
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