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Watch Nifty
Ø Nifty has closed above 6150 which is an early indicator of the directional move. As mentioned earlier, a close above 6290 will give the final proof. Interestingly, Bank Nifty has closed above its all time highs, perhaps indicating that it would help Nifty move forward. Volatility would however prevail and one has to be careful.
Ø Nifty's resistance for 04/11 is likely around 6200 (+/- 10 pts.)
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