NIFTY : Nifty finally broken trading range and started down ward journey, however last week some pull back were saw from the level of 4766. Short term chart pattern are suggested that Nifty continue in trading ranger 4750 to 5000 and rise try to exit long position. On rise it will face strong resistance 5100, successfully on closing basis will negated the bearish view. We may consider last and final support exit 4700, thereafter bid down ward journey in the Nifty which will take up to 4500-4250. Trend Decider of this week are 4895 and Weekly Resistance 5095.If 5100 acrossed then 5300.............nifty 7000+++++++++but whn...?want to know...subscribe us (sunil_stockmarket) (fortune_stock)
Today support are 4847. 4800, higher level trade and stay above 4900, will take up to 4925-4940 shortly.
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Monday, February 01, 2010
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