Nifty Future Udpate 13-Dec

Xpert Nifty
13-Dec

Looking at above chart it can easily said that since 30-Nov the clear trend is missing.
However its has been seen that market is still finding buyers at lower level.

Above 6000 closing basis can hit new level of 2012 i.e. 6118-6276.
Below Support is around 5870 closing basis.
Any side breakout will lead the trend.

Reasons of Consolidation:-
1#  Gujarat Election and Result
( which is likely to have direct impact on central government )

2#  Overseas Financial Year End. i.e. December - 2012
( Its said that in every financial year end all the fund house try to show the batter result to attract new investors and hence the sharp fall not likely to come in December )

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