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The Indian market closed the last trading day of the year and first day of a new F&O series on a negative note after seeing choppy trade all day, on the back of weak global cues. The volumes were thin in today's trade. Sensex closed at 15417, down 126 points (provisional) and Nifty at 4617, down 29 points (provisional) from the previous close.
NIFTY TREND FOR MONDAY 2 JANUARY 2012
Today was the last trading day of the year 2011. Indian share market traded mixed this year . Fights of bulls and bears entertained throughout the year sometimes threatened too. If we talk about the coming year i.e. 2012 then in the next six-nine months, we could see the Nifty gradually drifting downwards. We could see a level of around 4,000. 2012 will virtually be a wash out year for any investor looking to make money.
NSE TIPS INTRADAY 2 January 2012
BUY State Bank of India Med Term Target 1,850, Stop Loss 1,600
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