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Friday, February 19, 2010

Technical View on NIFTY


Nifty has again shown both side direction today but did not sustain higher levels. The kind of closing it made is some how suggesting that the buying interest is less in nifty future on higher levels. Nifty facing the profit booking also near to the resistance zone. The crucial resistance zone seems to be around the level of 4990 to 5000. Closing above that level could indicate the trend reversal in nifty future. The key support base is around the level 4650 to 4700.

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