Technical Trader's Guide

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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