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Trade these levels after 15 to 20 minutes of opening of market moves, as it avoids the gapup and down of opening moves of the market.

Friday, August 13, 2010

Trading Levels For 08/16/2010


Trading Levels for August 16,2010. (Monday)



Nifty Trading Levels:



Above 5461, Resistances @ 5474/5488/5497/5510.



Below 5452, Supports @ 5439/5424/5415/5402.



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Nifty spot closed @ 5452.10 and future closed @5456.45 with a premium of 4 points.Nifty future traded today @ a good support around 5442, which now will act as a good support.For next week 5372 will act as a good support, any break and close below 5372 will bring bearish mode into market. As said bank shares soared upto new levels this week, which held the market together. overall sentiments of the market seems to be touching new highs in coming weeks.Overall close above 5490 in coming days would lead to another rally upto 5558 and a resistance @ 5628.



The average volume of Nifty future traded this week have raised from 265141 lots to 341720 lots per day. This shows some more encouraging movement mainly due to SBI results.













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