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Tuesday, November 30, 2010

Technical Overview on Nifty (30th November ‘10)

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Nifty future showed a small pull back after sharp fall last week and closed above 5800 levels . If nifty future trades above 5900 level we can see some more upside movements in it. Resistance for nifty future is at 5910/6030 and support is at 5790/5725 .

Resistance: It has first resistance close to the level of 5910 & after it may face the next resistance close to the level of 6030.

Support: It has first support close to the level of 5790 & after it may get the next support close to the level of 5725.

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