FREE Stock, Commodity & Forex tips

Daily Nifty Spot Analysis

As like Last week, the US Fiscal cliff fear is still looming. Deadline is On Monday, Dec 31st.

Meanwhile, market likely to focus on India’s current account data for July-Sept due on Monday also

with any hike in petrol prices by the government to reduce the mounting subsidy burden of oil  marketing companies.

Meanwhile, PMEAC Mr. Rangrajan again said that the reversal of monetary policy stand by

the RBI will come only when inflation shows definite signs of decline.

Nifty spot has been trading within a range of 5965-5823

for almost 15-18 sessions Which has formed descending

triangle pattern. This pattern has bullish implication

so most likely breakout may be on the upside.

Strong Support at 21 EMA at 5850-5830.

Hurdle at 5918-5930.

Crossover above 5930 with vol expect 5942-5962.

Three Consecutive Closing above 5965 may take up to 6022-6030.

Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips

Are you looking for NSE paid calls? Want to get premium trading alerts and unlimited access to Moneymunch? Join today and start potentially multiplying your net worth: Premium Stock & Nifty Tips

Premium features: daily updates, full access to the Moneymunch #1 Rank List, Equity Research Reports, Focus List portfolio of 50 longer-term stocks, Premium screens, and much more. You will quickly identify which stocks to buy, which to sell and target today΄s hottest industries.

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Previous ArticleNext Article
Mr.Guru(s) is a team of stock market certified technical and research analysts with over 20 years of experience. They are regular guests on popular online channels and contribute articles to several financial publications. Their insights and advice are respected by investors worldwide. With their collective knowledge and expertise, they have a proven track record of successfully predicting market movements and identifying profitable opportunities.

Visit here: Premium Stock Tips →
Join Today (Free): Stock & Nifty Tips

Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *

Live Chat
< 4 min wait
Get a callback
<10 min wait

Chat with us on WhatsApp

Send this to a friend