Finally december series came to an end and though it was a high close for the year, it could not break the upper band and move beyond that.
Now that a new series has begun on a new year, it looks like the momentum that was supposed to come towards the end of December is highly likely to be kicked off early this week and Nifty should move to test 5295 levels and beyond.
Resistance levels : 5217, 5246, 5265
Support levels : 5185, 5161, 5145
Happy Trading
www.tripleint.com
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