Thursday, December 03, 2009


Nifty finding it hard to cross the recent high of 5185. Once again tried to cross the 5185 mark, but the selling pressure pushed the Nifty down to 5123 after making an Intraday low of 5106. Markets opened up strong. Sensex opened nearly 150 points positive. but the markets were very volatile. Sensex high an intra day high of 17361. Due to Volatility Sensex closed down at 17185 levels. Nifty made a high of 5181. As mentioned in my earlier article also that the Nifty will continue to face resistance at 5185 levels. As per the Candlestick pattern, we can see that the Nifty in the last 2 days is making a Doji pattern on the upper side. If the Nifty trades below today's close, then i would suggest that the Buy positions should be avoided temporary. Buy positions should be taken only if the Nifty trades above 5185 levels.

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