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Tuesday, February 15, 2011

Nifty For Tomorrow 16-Feb

The benchmark indices rose for third straight session, after two days of pull back rally the S&P CNX NIFTY closed at 5481, up 25 points or 0.46 %. The Indian VIX which is currently at 22.85 and it was up by 0.27 % or 1.20 points indicates that the market will continue to volatile in the short term.

NIFTY Futures closed at 5476, up by 20.35 points or 0.37 %. It is looking bullish in the coming trading session if it manages to break the resistance level of 5566 else below 5340 it would be in a bearish trend.

RESISTANCE: 5566 & 5622.
SUPPORT: 5340 & 5195. 

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