Stock Market View Tomorrow 24 Dec 2010 :- in the opening bell, spot nifty should stay above 5990-6000. 6010 is the hurdle crossover of spot nifty. 6030 & 6060 are two rock solid resistance of spot nifty at present, breaking which 6100 will reach smoothly. down below 5980 is again considered to be a solid support and below 5960 panic selling can take spot nifty up to 5900. in a nutshell, market will be range bound till end dec. 2010. expecting good short covering on f&o dec.2010 expiry & hopefully market will be north bound from new year. so in between, just for one week you have to be very very cautious and should trade in small quantities. best strategy is, once you make a reasonable profit, then forget the market for that day & wait for next day's opportunity.
