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Wednesday, February 8, 2012

Mktviews Daily Market View (08/02/2012)


Expect Markets to opened on flat to positive note in-line with global mkts. Last 2 sessions, 
Nifty Futures has made higher top & higher bottom pattern. 5340-5350 can provide decent support. If holds 5340, expect pullback upto 5420/5449 area. If breaks & sustains below5340, could witness fall upto 5295 area. 

Key Supports : 5340 & 5316. 
Resistance : 5396 & 5439. 
Probable Trading Range : 5316-5439 
Regards,
Team Market View Investments. 
Mo : 9987750901. 
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1 comment:

  1. As advised,
    Nifty Future 5410 ++
    Advised in morning about Nifty futures having strong support around 5340-5350 zone as was making a higher top & higher bottom in previous 2 sessions.

    Check the low 5350.1..Did not breach below 5350.

    As a result :: 5360 --->> 5410 ++

    Keep booking partial gains & Revise SL to cost

    ReplyDelete

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