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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.

Monday, August 16, 2010

Trading Levels For 08/17/2010

Trading Levels for August 17,2010. (Tuesday)

Nifty Future Levels:

Above 5424, Resistances @ 5442/5461/5473/5492.

Below 5411, Supports @ 5393/5374/5362/5343.


Nifty spot closed @ 5418.30 and future closed @ 5417.45 with a discount of 1 point. As said Nifty future after closing below 5442, nifty took support around 5410. With volume building around 5410, nifty has a good support @ 5372, any cross below this level would bring more panic and will close around 5340 mark. Again with world markets being choppy, buying @ supports and selling around resistances has yeilded more profits.
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