Markets traded with negative bias throughout the day and recovered the loss to close in moderate declines.
For Nifty Intraday Outlook 07-Dec, if the current momentum extends further then we may see further upsides till 5,100 to 5,150 levels and these levels may act as resistance for Nifty. However such an upside may best be used as an opportunity to exit. A short term correction may be also seen any time which may take the Nifty down to 4,900 which is the immediate support for Nifty. The level of 4,700 continues to remain as a critical support in coming trading sessions.
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