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Thursday, September 9, 2010

Nifty has support at 5570

NIFTY (5608): The market traded in the upper regions with some profit booking, so far the market could see some profit booking and profit booking support exists at 5570’. The market unfolded as expected, we saw the profit booking as well as strong supports like a dot at 5568. Technically we could see some profit bookings in the upper regions and It would be cautious if 5570 goes.

The crucial support on the downside for the NIFTY is 5570 and resistance at 5675.

BSE SENSEX (18667): The crucial support on the SENSEX on the downside is 18570 and resistance at 18885.