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Friday, March 12, 2010

Forecasting Nifty Trend

Nifty made a new high today and also made the good closing. Nifty continuously holding the crucial support level of 5090 to 5100, until it close below it we could not expect much correction in it. In upside the short term resistance is seems to be around the range of 5175 to 5180. Closing above could take the nifty future till 5230. The vital resistance zone seems to be at the level of 5300 to 5305.

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