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Wednesday, December 22, 2010

NSE Nifty trend for 23rd Dec. Thursday


Nifty future saw sharp down fall in last trading session. It could not sustain at higher levels. One should adopt the strategy of sell at higher levels. From few trading session Nifty is moving under range of 10 days and 50 days Moving Average, if it manages to sustain above 6095 levels than we might see further up move from there.

RESISTANCE: It has first resistance close to the level of 6040 & above this level nifty's next resistance is seen near the 6093 mark.
      
SUPPORT: It has first support close to the level of 5945 & below this level the next support is seen near 5900 mark. 

Bank nifty Future is not sustaining at higher level . In last trading session we saw a sharp fall in it. One can adopt the strategy to go short at higher level until it breaks its 11700 level decisively. 
      
RESISTANCE- It has first resistance close to the level of 11700 & above this mark the next resistance is seen close to the level of 11850.
      
SUPPORT: It has immediate support at 11260 mark & below this level the next support is seen close to the level of 11180. 

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