Nifty - Tuesday, 22 Dec 2011

Nifty:

Previous close - 4691.15
High - 4758.00
LOW - 4624.00
Close - 4733.85
Change - 40.70

Today
After the rebound trade of yesterday from 2 year low market further consolidated its gains.
The markets closed with consolidated profit with the Nifty closing at above its psychological 4720 marks . The Sensex closed at 15813, up 128 points from its previous close, and the Nifty closed at 4734, up 41 points. In today’s trade we saw the nifty's consolidated and after retest of 4620 point regain and to crossed the 4715-20-25 decisively at upper end. Today, lower end 4644-4633-23 where the market found support and rebound will act as a long term support after 4720-15-4700.

The forecast for Friday;

1) If the market opens between 4716 to 4733. Buy after the market has moved up passing the levels between 4733 – 44 and book profit between 4785 – 4810
2) If the market opens between 4775 – 95 and above, short with stop loss at 4830-43.
3) If the market opens besides the above, I do not know, up to you.

That is about all.

Have a nice trading day, guys.