Pre-Closing Outlook (12-01-2012)
Confirmation of support between 4812-4728. Next trend confirmation range is 4804-4876 and expected that Nifty will trade and prepare for next moves between this range as well as sustaining beyond this range will be next moves confirmation.
As good selling at higher levels therefore too much consolidation is required for sustaining above 4876 and continuation of on going rally.