Mktviews Daily Nifty View (15/11/2011)

Expect markets to open Positive in-line with Global Markets.

Post Intense selling pressure yesterday from 5250 area to 5150,

Now Nifty Futures has developed critical resistance 5144-5159 area and needs to cross & sustains above it for bounce back upto 5235/5260. If does not cross 5159, then lower levels of 5076/5040 could be retested.

Key Nifty Futures Levels :

Supports : 5105 & 5068.

Resistances : 5158 & 5196.

Probable Trading Range : 5068 – 5196.

 

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