Monday turned
out to be a listless day for the benchmark indices; however, broader market
witnessed some buying. The Nifty which
flirted with 12000 levels earlier in the month of November soon got hit by
selling pressure at higher levels as mixed global cues, and muted macro numbers
weighed on investor sentiment. After giving a Golden Crossover on daily
charts on 8 November, Nifty started consolidating in a narrow range.But, technical experts feel that the trend favors consolidation in the near term, but bulls should be able to push the index towards record highs in the next few weeks. The pause is healthy and investors who missed the rally could now get into the markets on every dip.
charts on 8 November, Nifty started consolidating in a narrow range.But, technical experts feel that the trend favors consolidation in the near term, but bulls should be able to push the index towards record highs in the next few weeks. The pause is healthy and investors who missed the rally could now get into the markets on every dip.
More
about intraday tips on Google +
Resistance: 11950, 12000,
12150
Support: 11900,
11850, 11800
No comments:
Post a Comment