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Tuesday, September 21, 2010

Nifty: Recommendation for Intraday Traders (22nd Sep)

For intra day trading we recommend long position in nifty future until it close below 5950 for the targets of 6050,6100 in near run.



Nifty future continued the upward rally with yet another positive session. Now the next technical resistance zone for nifty future seems in the zone of 6050 to 6060. Decisive closing above this resistance zone may further confirm more gains in nifty future. Today overall it witnessed high volatile session with positive bias. The immediate support for nifty future seems close to the level of 5950. Closing below it  may slip nifty future till the levels of 5875 to 5880 in near run.

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