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Tuesday, December 8, 2009

Markets opened higher traded

Markets opened higher traded in a narrow range throughout the session to close on a flat note. On the daily
charts, we are witnessing a narrow range body which suggests indecisiveness prevailing at current levels.
There is no apparent sign of weakness on the daily charts, hence if indices trade above 17330 / 5162 levels
with higher volumes then indices would test 17490 - 17580 / 5180 – 5210 levels.However on the downside,
17090 – 17040 / 5090 – 5070 levels may act as support for the day

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