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Friday, June 11, 2010

Advice on Nifty Future for Next Week (June 13 to 19, 2010)


Nifty still not crossing the key short term resistance zone of 5200 to 5220, closing above this resistance zone may consider as the indication of trend reversal and we could expect more bounce fom there. As per the current trend of nifty future we could expect that it could hold the trading range of 5000 to 5200 for few trading sessions. We recommend that traders should watch out the level of 5200, if it does not crosses this level one could short for the target of 5000 to 5005 in near term.


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