Tuesday, 1 January 2013

The Market out look for Nifty on 1st January


Trading the nifty on 1st January


The closing rate for Nifty is 5905 which is above the 5900 mark. We need more confirmation data  to assess the nifty since this level has been maintained in the last few trading sessions.

Today, in the New Years first opening session, we need to see the Nifty clearing the resistance level of 5929 to confirm its strength. If the Nifty fails to do so will take to the support level of 5871.

The FII continued to buy for 1578.97 Crores and sold for 752.63 Crores resulting in a positive value of 826.34 Crores.  The DII bought for 911.94 Crores and sold for 1112.91 resulting a negative of 200.97 Crores.

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