Today Sensex closed at 16601 whereas Nifty closed at 4952.60 which indicates some further correction in the offing. Although reliance was able to hold its key support level of 1005, below 1000 we should expect correction not only in reliance but will further weaken Nifty and other heavyweights.
We expect nifty to move in a range of 4900-4980 in coming days.
Monday, December 21, 2009
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