Market Outlook Dec 30 2010

Posted by StockplusIndia | 8:25 AM | | 1 comments »


Equity benchmarks closed at one and half months highs on the back of buying in financial, metal, FMCG and auto companies shares along with Bharti Airtel, ONGC, TCS, Infosys, NTPC and L&T. The Nifty settled above 6050 level for first time since November 15, 2010 and the Sensex added more than 200 points on Wednesday after a big period consolidation.



Next Day Trading Ranges : Key Resistences and Support Areas

The [R3] or the most extreme high trading range is 6149.
The [R2] or the extreme high trading range is 6108.
The [R1] or the high trading range is 6084.
The [P] or pivot point is 6043.
The [S1] or the low trading range is 6019.
The [S2] or the extreme low trading range is 5978.
The [S3] or the most extreme low trading range is 5954.



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1 comments

  1. Stock Options Trading // January 20, 2011 at 10:09 AM  

    Great views, I never thought in that way. But one thing i want to tell you that it would be great if you provide more details about trading. Thanks a lot....

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