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Monday, October 10, 2011

Mktviews Daily Market View (10/10/2011)


Expect Markets to open on a Flattish to Positive Note following Asian Peers trading mixed.  
Nifty Futures would consolidate between 4885-4940 in 1st Half.
4928-4940 is a critical resistance which if crossed may trigger short-covering upto 4982/5004. If does not cross 4940 & breaks 4885 with volumes, then support zone of 4819/4785 could be tested.

Key Nifty Futures Levels :

Supports : 4884 & 4844.
Resistances : 4936 & 4969.
Probable Trading Range : 4844 – 4969.
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1 comment:

  1. MktViewsOctober 10, 2011 at 8:34 PM

    Happened Exactly as Advised !!
    Abv 4940, Nifty would witness short-covering upto 5004. Check the High 5004 !!

    4905 --->> 4980/5004 !!!

    Hope you enjoyed the accuracy.

    ReplyDelete

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