Markets would be in celebration mood, of course! The inflation figure tomorrow, if stable, would keep the mood buoyant until expiry. However we are faced with strong resistance at 14677 (Nifty 4470), as given in the charts below. Even if it is crossed, there are possibilities of a reversal from above or below this area. So, it would be appropriate to book profits in this area –especially in Futures & Options. Cash positions can take a risk of holding it with Stop Loss at Nifty 4300.
Happy Trading!!
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-inr-small.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-euro-small.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
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