Mktviews Daily Market View (23/01/2012)

Post heavy short-covering in last week from 4800 to 5050 levels, Expect markets to take a breather, consolidate & trade range-bound 5036-5099 & Further short-covering upto 5134/5160 can be expected if critical resistance zone 5086-5096 is crossed. 

If does not cross 5093 & breaks 5036, then 4985/4937 could be retested. 

 

Key Nifty Futures Levels :

 

Supports : 5036 & 5004.

Resistances : 5086 & 5114.

Probable Trading Range : 5004 – 5114.

 

Regards,
Team Market View Investments. 
Mo : 9987750901. 
Visit www.mktviews-nifty50.blogspot.com
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