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Monday, May 24, 2010

Technical View on Nifty


Nifty today witnessed the strong resistance on higher levels and after once reaching 5000 mark does not been able to sustain. As I had already mentioned in previous report that Nifty Future may slip from the higher levels. Now in the next some trading sessions we might expect the huge correction in market. I recommend that traders should focus on short side from the current levels. Closing below 4850 may drag it till the lower levels of 4760 to 4770 in short term.

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