Stock Nifty Technical Report 11 December

Markets traded at lower note from the previous session’s all time high and were restricted to a narrow range and settled flat with negative biasness. Nifty future was unable to sustain around 6400 mark and as per our last report traded below it for the entire session. On daily charts, it took strong support of the trend line coming from recent lows according to which 6310-6270 may act as crucial support zone. Strength can be witnessed if it holds above 6420.

TREND: SIDEWAYS :

SUPPORT    :  6340 & 6290

RESISTANCE :   6420 & 6480

DAILY MARKETS TREND :

  • Sensex closes lower;BSE Power tumbles 5%.
  • Power stocks plunge on CERC draft regulations; NTPC worst hit.
  • Dalmia Securities raises stake in Lanco Industries to 6.87 per cent.
  • Strides to pay dividend of Rs 500 per share post Agila sale.

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Source :  Trifid Research

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