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Wednesday, December 14, 2011

Mktviews Daily Nifty View (14/12/2011)


Expect Markets to open on a negative note following mixed undertone in Global Markets post US Fed Chairman Ben Bernanke’s comments on US Economy. Watch out for Inflation nos to be announced today
Alert : Rupee hits new Low 53.72 v/s Dollar.

Now, Nifty Fut needs to cross critical resistance zone 4809-4816 for bounce back upto 4857/4890++. If does not cross 4816, then lower levels of 4742/4710 could be tested.

Key Nifty Futures Levels :

Supports : 4774 & 4742.
Resistances : 4816 & 4857.
Probable Trading Range : 4742 – 4857. 

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