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  • Category: Future and Option

    NIFTY may see a new high before end of 2012.

    NIFTY has a strong resistance at 5731 and it has crossed it with huge volume.
    Momentum was side ways since last 15 days but today it stay above 5731 and NIFTY spot was close at 5697 ( above strong resistance of 5680).

    So start buying in NIFTY future on every dip with a stop loss of 5705.

    There is chance of hurdle for NIFTY at 5850 but after crossing that level NIFTY will easily touch 5900-6030.
  • #1687
    On 5th November although dollar was trading above its resistance 54.52 (close at 52.93) nifty did not fail to go up.
    So it clearly shows if it get little help from Europe and US election no one can stop to see a new high in NIFTY in this year


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