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Industry : Equity Research/Analytics Functional Area : TECHNICAL ANALYSIS
Activity:  1 comments  210 views  last activity : 07 06 2010 20:18:04 +0000
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NIFTY IN A TWO WAY MOVEMENT………..

Nifty futures opened with a minor gap up of 25 points @ 4815 , despite a positive closing on Dow. It made an intraday high of 4823 but quickly broke below the 4750 mark and made an intraday low of 4740. It closed the day @ 4757.

Market is experiencing a good two way movement and is stuck in a band of 100 points. Expect good bout of fresh buying above the 4820 – 4850 area, which will take the Nifty futures all the way upto 4950 zone. On the downside, a break below 4720 will hamper any hope of recovery and swiftly take the Nifty towards the 4660 – 4670 support zone.

Our view on Nifty futures is Bearish to Neutral. Nifty is stuck in a very narrow range of approx.150 point between 4670 to 4820 zone. A break on either side will trigger a good 200 point movement in Nifty futures.

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We have maintained trade by trade performances along with Equity Curve and ROI(Return on Investment) for last 25 months.It can be viewed at the following links:
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1 comments on "NIFTY TRADING SYSTEM - AAKSHARSTOCK.COM"
  Commented by  Esha Johar, Risk Analyst, Irevna    | 02 11 2010 12:45:01 +0000
Thanks for sharing the information..
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