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Wednesday, September 29, 2010

Nifty Future Trend

Nifty future witnessed some correction and in the end made a closing below 6000 level. Now the next technical resistance for nifty future seems close to the levels of 5940 to 5950. Decisive closing below this support zone may take nifty future down to the levels of 5890 to 5900 in near term. However nifty future may face an intra day resistance close to the level of 6065. Closing above this resistance may take  nifty future up to the levels of 6090 to 6100 in near run. For intra day trading we recommend long position in nifty future from the current levels for the target of 6100 with the  stop loss around 5940.

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