NIfty Technical View

By | September 24, 2009

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Nifty after taking support at 4906 today made an intra day high of 5016.It has keep it head above 5MA at 4984 but in the process broke the Channel in which it was trading.
Now Scenario which is emerging is it can break the today’s low and can take support at 4856 4812.Trend line support is around 4780.

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