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Thursday, January 13, 2011

Analysts take on NSE Nifty (14th Jan., 2011) Friday


Nifty future was volatile in last trading session and could not sustain at higher level. If it breaks 5700 level, It may take more sharp fall, One should take position after proper break out. Support for Nifty Future is at 5700/5670 and Resistance is at 5885/5925 levels.

RESISTANCE: It has first resistance close to the level of  5885 & above this level the next resistance is seen near the  5925  mark. 

SUPPORT: It has first support close to the level of 5700 & below this level the next support is seen near 5670  mark. 


Bank nifty had seen sharp fall in last trading session and If it breaks 10632 level then we can expect some more down trend. One should take position after proper break out only. Support for bank nifty is at 10630/10565 and Resistance is at 11185/11324 levels.
      
RESISTANCE: It has first resistance close to the level of 11185 & above this level the next resistance is seen near the 11324 mark.
      
SUPPORT: It has first support close to the level of 10630 & below this level the next support is seen near 10565 marks. 

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