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Monday, May 10, 2010

NSE - Nifty Levels and Trading Advice

Nifty made the strong come back from the levels of 4975 to 5000 and today in the end made the closing above 5200 levels. Now we could expect some more upside moves in nifty future from the current levels. The next resistance it could face around the resistance zone of 5290 to 5300. Closing above may raise it till the higher levels of 5350 in short term. We recommend that traders should focus on longs in nifty future from the current levels for the target of 5300.

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