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Monday, October 18, 2010

Nifty Futures Recommendation for 19th Oct.

Nifty Future Recommendation

Nifty future opened with a gap down after the first day of the pre-opening session and has taken support near 6005 levels . Nifty future has closed near the days high and may continue to move further upside towards 6150 to 6180 levels. Support for nifty future is at 6080/6020 levels and resistance is at 6180/6220 levels.

We recommend buying on dips with strict stoploss of 5995 levels.

Bank Nifty Futures Recommendation


Bank nifty future also opened with a gap down after the first day of the pre opening session and has taken support near 12235 levels . Bank nifty future has closed near the days high and may continue to move further upside towards 12520 to 12600 levels.

We recommend buying on dips with strict stoploss of 12200 levels.

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