RECAP
Just as we had written, nifty traded around 4972 for most of the day and once it broke the level with volume, it fell straight to 4937.
Readers who traded BNF with our levels would have printed out the almighty dollar.
Nifty
Nifty is a stonethrow away from fibonacci confluence level of 4917.
And this will provide support for nifty future tomorrow. 4970 will act as zone of resitance.
Crossing 4970 with volumes nifty future can retest 5000 and 5035 again.
Breaking and trading below 4917, nifty future may be whacked to 4895 and 4870.
Nifty - Option Watch
Most Active Puts
Most Active Calls
Trading the Bank Nifty
Useful links :
Gold view updated : http://jerrytechnicals.blogspot.com/2009/12/gold-views-mcx-india_20.html
Nifty weekly outlook : http://jerrytechnicals.blogspot.com/2009/12/nifty-weekly-outlook-21-december-till.html
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
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