Free Stock market / Nifty intraday tips

Nifty Spot (Trade cautiously at higher levels)

nifty-futures

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HOUGHT FOR TODAY 
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Sweet Words
A bitter tongue makes life bitter, a sweet tongue makes life better.

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Nifty Spot

(Updated on 01-02-2013 at 07.40 AM)

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Yesterday written that Nifty fut would face hurdle at 6066

and lower up to 6025 below 6040.

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Nifty fut Jan Series made high at 6067 and low at 6027.

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Now for Nifty Spot

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Support @ 6026-6022

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Break below 6018 may take up to 6009-6000.

Resistance at 6042-6051.

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If trades above 6051 for 20 minutes then may rally up to 6064.

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Trade cautiously as Nifty may face strong hurdle at 6050-6074 zone.

Any rally below 6075 is less likely to sustain.

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Daily + weekly close below 6014 may take

Nifty spot up to 6044.

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