INDIAN STOCK MARKET VIEW FOR DECEMBER 26, 2011

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

S&P CNX NIFTY  (4,714.00 )  -19.85   -0.42 %

Nifty broke from the falling channel on the daily and the upper targets of 4878 has opened barring a small resistance at 4819.Ofcourse the low of 4531 is a stop for any longs.

NIFTY DAILY CHART

 

 

On the Weekly chart you can see Nifty testing and taking support at the lower channel.

NIFTY WEEKLY CHART

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