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Nifty Future Likely to Approach 5742 Level Soon

By Bhaveek Patel Leave a Comment

After moving near 52-week high, Nifty was unable to find strength to break those levels. Hence we saw a declining move in markets since last week. As per our analysis we see nifty to approach 5742 level soon, may be in next week (22-Nov-2010). The 5742 level will act as a strong support, nifty wont go below this level.

Our Analysis for Nifty Future Trading (22-Nov-2010): Buy Nifty Future near 5742 for target 5990 and 6080. stoploss must be placed near 5692 level.

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Category: Nifty Tags: Nifty Analysis

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

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