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Friday, August 5, 2011

Mktviews Daily Market View 5 Aug 2011

Expect Markets to open Gap Down following bloodbath in Global Markets across all asset classes including Commodities & Equities. Nifty Future has important support around 5136-5175 which if breaks would lead to some serious damage positionally for Long Positions. Expect Pullback if 5136 is held.
Nifty Fut would find support @ 5168 & 5126. Upside Resistance would be capped up @ 5245 & 5278. Probable Trading Range 5126-5278.

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Team Market View Investments.
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