Nifty is still stuck in broad range of 5000-5180. Globally all markets are struggling at the highs .
Dollar Index has bounced back to 77.
Nifty is ranged and choppy. IT stocks are making new highs. TCS, Infosys are trading at life time highs. Stocks which trade at life time highs keep on hitting new highs as they trade in a no resistance zone .
You can refer to our previous post .
http://swingtradingideas.blogspot.com/2009/11/stocks-and-sectors-at-life-time-high.html
HCL Tech has support at 325 and resistances are 358-370
Thursday, December 17, 2009
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