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Wednesday, November 3, 2010

3rd OCTOBER NIFTY VIEW.

In yestarday's trading Nifty Future traded in a narrow range with the day's high of 6174 and the day's low of 6128. On the 30 min chart I have shown a trend line which is acting as resistance for Nifty Future.

For today, one can consider going long with a stop loss of 6130. On higher side, it will find resistance at 6185 - 6210 and 6250.

Short position should be considered below 6130 with a stop loss of 6160. On the lower side, it will find support at 6100 and 6075.

All the best.

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