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Thursday, November 11, 2010

Nifty Futures Trend for 12th November

Nifty future as expected resulted in sharp fall below the level of 6260 and has closed below it. Nifty future may correct some more from current levels to 6180 levels if it continues to stay below 6260 levels. Support for nifty future is at 6180/6130 levels and has resistance at 6295/6340 levels. 

Bank nifty future as expected resulted in sharp fall below the level of 13000 and has closed below it. Bank nifty future may correct some more from current levels to 12730 levels if it continues to stay below 13000 levels. Support for bank nifty future is at 12750/12635 levels and has resistance at 13000/13200 levels.

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