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Tuesday, September 28, 2010

28th SEPTEMBER NIFTY VIEW

Today, if Nifty Future goes below 6040 - it may create some anxiety, but in view of the sharp rise in a short time, one should be ready for a fall up to 5975, where Nifty Future will find Trend line support. One can consider going short below 6040 with a stop loss of 6070. on down side it will find support at 5975.

Fresh buying should be considered only above 6070 with stop loss of 6040. On the higher side it will find resistance at 6115 and major resistance at 6170.

All the best.

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