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Thursday, December 29, 2011

Mktviews Daily Nifty View (29/12/2011)



Expect Markets to open on a negative note inline with Global Markets. Nifty Fut needs to cross critical resistance zone 4728-4735 for bounce back upto 4779/4809. If does not cross 4735, then lower levels of 4640/4618 could be tested.

Key Nifty Futures Levels :
Supports : 4656 & 4624. Resistances : 4709 & 4739.
Probable Trading Range : 4624 – 4739.

Note : Expect Nifty to stay highly volataile on A/c of F&O expiry today.

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