Nifty Day Forward (24th December, 1.35 pm)

Nifty after languishing for most part of the day in the positive territory has just as of my writing dipped into negative territory, this is the 4th time in the day that it has dipped into the negative territory but has everytime managed to pull back, yesterday the nifty never gave substantial corrections to the intraday up move now and thus unless it gives some sort of correction or atleast consolidation further upmove doesn’t looks to be materializing, hence there are 4 possibilities

1) Nifty might trade as down as 5080 (35% Probability)

2) Nifty would attract buyers at 5115 – 5120 (35% Probability)

3) Nifty would rather remain quiet (15% probability)

4) Nifty would manage to trade at 5175 (5% probability)