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Indian stock markets closed flat today and barring FMCG and IT, all sectoral indices closed positive. FMCG and IT remained the only two sectors that closed negative. The Sensex closed at 16176, up 11 points from its previous close, and the Nifty shut shop at 4861, up 11 points. Indian stock market trend for tomorrow 12 jan is considered as - News based market will be seen tomorrow and 2 sessions are showing intraday mixed patterns therefore trading range of today and yesterday will be kept for next moves confirmations.
Nifty Outlook 12 Jan
Nifty trend today was satisfactory and if we talk about Nifty trend tomorrow i.e. 12 Jan then Nifty may behave volatile so traders and investors are advised to play with caution and keep strict stop loss to be on safe side. Nifty is expected to behave choppy in the mid session tomorrow.
SUPPORT :- Nifty Support levels for 12 jan are Support1 = 4829.25, Support2 = 4797.55, Support3 = 4753.3
RESISTANCE :- Nifty resistance levels for 12 jan are Resistance1 = 4905.2, Resistance2 = 4949.45 ,Resistance3 = 4981.15
Nifty Futures Tips 12 jan
If nifty spot crosses 4922 it will be the best time to go positional short in nifty fut for a sure shot tgt of 4656.
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