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India Equity Research Reports, IPO and Stock News
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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Watch Nifty
Ø Nifty continued to move down and the general mood is one of pessimism. It is usually at these times when it is least expected, the markets turn around. Nifty has upports around 5320-30, 5230, 5180. As earlier mentioned, Nifty could take support from any of these levels and reverse. So far as 5180 is held, the recovery could be faster (time-wise). If however, 5180 is violated on a closing basis, we may see it reacting all the way down to 4700 (not necessarily till that level).
Ø Nifty's support for 20/06 is expected around 5330-40 and resistance around 5450.
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