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Tuesday, May 11, 2010

Nifty Levels for May 12

Nifty witnessed a correction from the higher level close to 5205 and made a close below 5150 level. Technically it is forming the bearish pattern in charts and may witness some more selling from the current levels. In the downside still 4950 is the key support for Nifty Future. Traders can adopt the sell on rise strategy in it for tomorrow but with the strict Stop Loss of 5200. In the downside they could get the level of 5025 to 5030 from the present levels.

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