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Wednesday 23 November 2011

Nifty - 23 Nov 2011 - Downtrend to continue amidst volatility

Nifty to remain volatile with a downward bias

Due to a family marriage, we will not be trading for the day, and hence, we will not be presenting our trading plan for the day.

However, our view of downward bias continues.

For the day, the Nifty has a support at 4720 and a resistance at 4835.

We will be back on the terminals tomorrow onwards. 

For cash market recommendations see our Daily Pre Market calls on NSE
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Disclaimer : We express our opinions on this blog primarily as a method of record keeping, i.e. archiving what was our opinion about the markets on any given particular day end. As such, trading in derivatives can be extremely dangerous to you and your finances. We strongly advice you to consult your financial advisor before trading based on the opinions published on this blog. We shall not be held responsible, under any circumstances, for any financial loss or profit, that may be accrued due to your trades being affected by our opinions.