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Thursday, June 2, 2011

Nifty Intraday Outlook for 3 June

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Market vary volatile for traders finally market closed Negative node. Both benchmark indices finally ended the session in the rad territory. NSE Nifty ended at 5550.35 down by 41.65 points or 0.74% from the previous close, while the BSE Sensex closed at 18494.18, down 114.63 points or 0.62%.
The opening with market register it's day high nifty at 5568.20 and sensex at 18540.67 and end of the day low nifty at 5521.95 sensex at 18390.57
F & O Nifty closed at 5563.00 down 27.45 points or 0.49% from the previous close. Intraday high 5576.55 and day low 5531.00 for current month.

Important Nifty future Levels for Tomorrow:
Resistance : If first resistance touch to the level of 5585 and above this level resistance near the 5640 points.
Support : If first support touch to the level of 5525 and below this level support the 5470 points.

Important level for Bank nifty:
Resistance : If first resistance touch to the level of 10870 and above this level resistance near the 11000 points.
Support : If first support touch to the level of 10765 and below this level support the 10640 point.

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