Nifty outlook & Trading Strategy For Tomorrow 29-Dec

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Nifty witnessed selling pressure today and managed to close above 4700. For Intraday trading tomorrow Nifty is expected to get support at 4,670 and 4,640 while the resistance is there at 4,745 and 4,780 levels. Tomorrow being the day of December future expiry, we may see short covering in the second part of the day but overall trend has not turned bullish.

Intraday Trading Strategy 29-Dec :
Nifty is recommend to sell on any rise in the region of 4,740 to 4,780 with a stop loss of 4,800 for a downside target of 4,670 and below that a retest of 4,625 is possible.

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