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Monday, January 2, 2012

Mktviews Daily Nifty View (02/01/2012)


Expect Markets to open on a flattish note in line with Asian Markets. With most Global Markets shut today, expect range-bound trading with high volataility.

Now, Nifty Fut needs to cross critical resistance zone 4656-4663 for bounce back upto 4695/4715++. If does not cross 4663, then lower levels of 4590/4568 could be tested.

Key Nifty Futures Levels :

Supports : 4609 & 4577.
Resistances : 4663 & 4695.
Probable Trading Range : 4577 – 4695. 

1 comment:

  1. Happened Exactly as advised.
    Resistance level given 4556-4663. Check the high 4556 !!
    Could not cross it.
    Effect 4645 to 4595...

    Sent Earlier : If does not cross 4663, then lower levels of 4590/4568 could be tested.

    ReplyDelete

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