Short covering in the later half of the trading session and appreciation in the value of rupee against dollar aided the market to close in green yesterday. Sensex was up around 1% at 15858.49 (+158.52) and Nifty was at 4756.45. But Euro-zone debt fears, depreciation in the value of rupee against dollar & disappointing Q2 results made whole November series worst and both benchmark index were down around 8%.
Nifty outlook for 25.11.11
Market may open gap up and trade firm in the opening. But for upper side Nifty has to cross 4780, above this Nifty may try to hit 4820/4845
If Nifty crosses above 4865 with huge volume we can expect 5050 in coming days
Below 4697 market may try to hit 4663/4642/4627/4605
Nifty Trading Tips for 25.11.11
Buy Nifty Dec Fut at CMP with SL 4795 TGT 4779/4794/4813
Sell Nifty Dec Fut at 4690 with SL 4711 TGT 4672/4664/4645
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