Trading the nifty on 5th
December
The European markets have not performed well
on the last trading session. The DOW too has not made any significant move . The
Nifty appears to be making a consolidation effort. From
here the nifty could attempt to cross 5900 levels which is also a possibility
given the current trend. In the event of crossing this hurdle it could clear
5920 till 5933
On the downside 5869 is a good
support if this is taken out levels of 5856
and 5843 could be tested.
Crude-oil trading levels for 5th December
For the intraday traders the crude oil
can be bought once it crosses 4867 and wait for targets 4879 and 4890 since the
crude is showing sideways trend we
cannot expect a very high level above 4900. On the down side one can initiate
short below 4844 for targets of 4832 and 4812.
Happy trading!!
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