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Friday, December 17, 2010

Technical View on Nifty (Monday 20th December ‘10)

Nifty future closed near to its resistance level of 6000, after a volatile session. If nifty future manages to sustain above 6025 level then we can see some more up moves from here. One should take position after proper break out. Resistance for nifty future is at 6025/6093 and support is at 5880/5800 levels.

RESISTANCE: It has first resistance close to the level of 6025& after it may face the next resistance close to the level of 6093.

SUPPORT: It has first support close to the level of 5880 & after it may get the next support close to the level of 5800.

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