Expect markets to open Negative in-line with Global Mkts post crack in US mkts after Fitch signaled trouble for US Banks incase European debt worries worsens further.
Now Nifty Fut needs to cross critical resistance zone 5055-5063 for bounce back upto 5128/5154. If does not cross 5063, then lower levels of 4975/4937 could be retested.
Probable Trading Range : 4975 – 5128.
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