Market Update: 15 Dec market will go up.

Nifty almost lost everything achieved in past session. today nifty is down by 37 points and closed at 4763.25.

and formed a inverted hammer in the bottom the sign of trend reversal. but we are not looking any strong up-move from here but yes nifty may consolidate at this level because some technical indicarors are in the fever of conjection . as we expected the possible double bottom formation at the 4700 level this may be in process. 

             but guessing anything will be the early decision wait till the chart becomes clear then enter for good profit. now for next session of 15 Dec 2011 we think nifty will go up and may touch 4800 - 4850 level again. and for a longer term view nifty will consolidate here for a small period of time.

Posted in: Daily