Nifty intra day graph on 10th Dec shown here.The stockastics is clear like snakes roll with one another.The market was a kind of stuck within the range and was really tested all traders patiance. Script wise there many scripts gone up.Eg- Bharati Airtel,Rcom,Satyam,Idea and many.
Now many of the world markets index showing Green trend.There is no bad news that defavour the market sentiments of tomorrow.So there is a possibile uptrend may happen.
Tomorrow Nifty can have more swing and overall have uptrend that favours the bulls.
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NIFTY today ->pivot 5121.90
S 2-5060.05
S 1-5097.30
R 1-5159.15
R 2-5183.70
S 2-5060.05
S 1-5097.30
R 1-5159.15
R 2-5183.70
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a) The market opens above the pivot level be cautious about your shorts,the market may tend to break out R1 and R2 levels.
b) if , The market open down/Less than the pivot you may go short with strict stop loss at "5146.45"(previous day high)
The real support lies in '5080' level.
The 20DMA is '5072'
So keep this as your Stop Loss for your Long.
So keep this as your Stop Loss for your Long.
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