Market Outlook Dec 04 2011

The Nifty also managed to end above 6150 level on Monday following strong global cues and continued the uptrend for fourth consecutive session. Metal, telecom, Anil Dhirubhai Ambani Group (ADAG), healthcare, realty, select infrastructure and financial companies' shares supported markets along with ONGC and Infosys.

Asian and European markets kicked off the year on a strong note.

Dec 03 Recos had been profitable and met all the targets ,suggest the investors to Book 50% profit and keep the positions open.

Next Day Trading Ranges : Key Resistences and Support Areas

The [R3] or the most extreme high trading range is 6162.
The [R2] or the extreme high trading range is 6134.
The [R1] or the high trading range is 6118.
The [P] or pivot point is 6090.
The [S1] or the low trading range is 6074.
The [S2] or the extreme low trading range is 6046.
The [S3] or the most extreme low trading range is 6029.



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