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Monday, June 20, 2011

Nifty Technical Outlook | Market Trend Today 20 June

Nifty Tips Levels Trend Range Monday 20 June:-
The pre market sentiments shows that the markets NSE-BSE are likely to open  on a small gap-up start today and we could see an up move . Experts says that there is a sense of  weakness in the market and it appears to be preparing for more selling activities.At the end of last week Nifty has given a weak closing at 5366.4 . SGX Nifty is trading at 5,378.5 (08.37 am), 6 points higher than Friday closing of 5,372.5.
Top NSE gainers last week were:- Reliance Infrastructure, Tata Steel,Reliance Communications,Bharti Airtel, Ambuja Cement.

Resistance : Its first resistance level is at 5430 and above this level it could test the resistance level near the 5490 points.
Support : Its first support level is at 5310 and below this level it could have support level near 5260 points.


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