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Thursday, December 16, 2010

Nifty /Sensex news :The market is up as long as 5800 holds ( 16th Dec )


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Nifty (5944) ‘technically so far the market is up as long as 5800 holds’ the market unfolded as expected and saw the high right on our resistance of 5955 and has closed in the green…so far the up move seems to be on but I would be cautious too as the market is in a sideways zone with an up bias…

The crucial support on the downside for the Nifty is 5800 and resistance at 5955-5995

BSE Sensex: (19799) the crucial support on the Sensex on the downside is 19390 and resistance at 19855-19973.