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Nifty Future
(Updated on 17-07-12 Time 08.40 AM)
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We were short from 5260 and booked at 5210
As expected markets continued correction and lost the
level of 5200.
We hinted yesterday NF would face resistance at 5262-5279.
It formed high at 5261 and crashed.
Yesterday we indicated that 5210-5180 zone might change
the direction or from that level a bounce get triggered.
Now for today……
Above 5220 expect upward journey up to 5242-5255.
At these higher levels it may face hurdle.
Crossover with sustained volumes may add the strength and
boost the sentiment.
Below 5183 if sustains then 5169–5155 may not be ruled out
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