Wednesday 5 December 2012

Intraday NIFTY Updates Today 05 Dec. 2012


The Nifty continued its sideways price action, another day of consolidation. And as I have been suggesting all declines would be bought into hence they would be shallow declines. We are still on course towards 5,920 and higher towards 6,150. 

The Sensex has supports at 19,260 and 19,150 and resistances at 19,440 and 19,550. The Nifty spot has supports at 5,859 and 5,825 and resistances at 5,910 and 5,950.

2 comments:

HDFC to consider Rs 45,000 crore NCDs issue: The board of director of the company in it meeting scheduled on August 2 shall consider issue of NCDs aggregating to Rs 45000 crore on a private placement basis.
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RBI Monetary Policy Preview: Expecting a 25bps rate cut.
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