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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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NIFTY IN AN NARROW, LACKLUSTRE TRADING BAND ………….. NIFTY Futures Opened the day @ 4903 almost flat near yesterdays close. The whole of todays session was spent in a narrow range of only 42 points. The intraday high was @ 4915, and the low was... |
NIFTY Futures opened today on a positive note getting its cues from US markets at 4908. It made an attempt towards 4950 mark, in the process made an intraday high of 4928, but sold off from those level.Nifty briefly broke below 4900 level, making... |
NIFTY FUTURES CLOSES ABOVE 4850........... NIFTY Futures opened today on a very flatish note @ 4808 up by only 10 points. It spent the early session in a narrow lacklusture trade with very thin volumes.It made an intraday low in the mid session @... |