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Thursday, September 16, 2010

Technical View on Nifty (17th Sept.)

Nifty future today witnessed a high volatile session and in the end made a closing in the red zone. Today it crossed the level of 5900 but was not be able to sustain above it. In the next trading sessions we might see some consolidation in the market. In the downside it may get the immediate short term support close to the level of 5750 to 5760. 

For intraday trading we recommend buy on dips strategy in nifty future until it close below 5750 for the target of 6000.


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