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Thursday, February 4, 2010

NIFTY Technical View

Nifty witnessed high volatility from few trading sessions. Today we saw downside movement in nifty. Now we are expecting that nifty is still holding the level of 4800 & also not making close above 4950. These are two crucial levels of market. Technically nifty is looking in down trend & we could see the 4700 level if it breaks 4750. So until it close above 4950 level traders could go for sell on higher level in nifty.

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