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NIFTY PREDICTION FOR 26 November 2010

Thursday, November 25, 2010 | Labels: , | |

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Today Nifty close in negative with 66 points. This another one session added negative and supportive for bears. Global condition and internal affairs are become cause of remain market in bearish phase. Already Indian stock market was reached at good peak that rally need for relieve pressure. This rallies already relive very much excess pressure in price. In that season serial of bad news are added fuel for this bull rally.

I am believe that this rally is correction, which is very much needed for next major rally.

Today Nifty closing make very bearish to my mind as some days before Nifty closed on 5999, same way today nifty closed on same way in hanging point 5799.75.

FOR tomorrow 26 November 2010

Nifty have 5802 as pivot point and if Nifty is able to b remain above this point it will face resistance at 5851 an 5887.

On negative side using above pivot 5802 Nifty remain to play, on bearish side if nifty break below this then it will find support at 5777,if it break then it will try to touch at 5750 ….

This is my view. What is about you? If you have another view, feel free to share with our reader. Give those with proper cause. It will help to understand, your view about Indian stock market and Nifty.

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