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Daily Technical View on Nifty

* Niftyendedmildlyhigher inthevolatilesession onDecember11.

* At closeNiftywasup0.13%or 27.7points at 20997.

* Cash market volumes on the NSE remained aboveRs.1.06lakhcr.

* Broadmarket indices rosemorethantheNifty evenastheadvancedeclineratioroseto1.46:1.

* Niftyformedafreshnewhighandmadeahigher bottomcomparedtotheprevioussession.

* Niftyremained ina97point rangethroughthe dayandendedwithsmallgains.

* Nifty is in to continuationof anuptrend and holding longswithtrailingstoploss isadvisable      fortraders

* Breadthofthemarketisverystrong

* Nifty is placed above all important moving averages, indicating bullish trend on all time      frames.

* Niftycouldstayinthe20850-21050bandforthe nearterm.

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