Nifty Futures opened lower by 13 points @ 5368 at the high point of the day. It immediately zoomed lower pass the 5350 area and finally breaking the 5300 mark to close at the low point of the day @ 5293
Nifty Futures close below the 5300 area is negative for the market .On the downside we may find an immediate support at 5250 and therafter at 5200 mark. On the upside the 5350 and 5400 mark may act as a major resistance.
Our view on Nifty Futures is Bearish . The immediate levels to watch for is 5250 on the downside and 5400 on the upside. We may find good support @ 5250 mark and witness some selling pressure @ 5350 zone.
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Thursday, April 8, 2010
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