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Nifty Support Resistance Levels For 27-Oct-2010

By Bhaveek Patel Leave a Comment

As the expiry of october series is approaching, we see Nifty to trade in tight range today, also the volatility will be high. So, wait for the breakout in either direction before entering the trade today.

Nifty:
Resistance : 6128 / 6163
Support : 6056 / 6014

Our Trading View: One can enter buy position once nifty comes in support area near 6056 levels. The 6056 level will act as a good support for Nifty. For all the long(Buy) positions near 6056, one can keep the target at 6081.

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Category: Nifty Tags: nifty/ Nifty Analysis/ Nifty Levels

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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