Nifty Expiry levels for December 2011 Series

Nifty Hourly

Nifty hourly chart has corrected from the high of 4801 and closed above 4700 yesteday, Today SGX suggests opening near 4700 range. Break of 4682 on Nifty will lead to 4631 levels where next major support lies.

 Nifty Daily

Daily chart nifty has broken the upper channel which gives bearish signal. As i have advocated Nifty is trading in channel from past 3 month as marked in the chart shown above.  Also formation of Higher High


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