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Nifty Trading Levels For 17-Nov-2010

By Bhaveek Patel Leave a Comment

We may see Nifty to trade lower in range of 5943 to 6033, we suggest you to enter a buy position, as this is only opportunity to buy the bluechip stocks. But be cautious as Nifty has broken below its 50DMA and is more likely to witness 5945 levels. Trade cautiously, as markets may witness huge volatility.

Nifty Trading Levels:
Resistance : 6033 / 6064
Support : 5987 / 5943

Our Trading Outlook: Buy Nifty Future near 5955 levels for the target of 5990 and 6033, the 6033 level will be strong resistance and will be difficult to cross it. Stop loss for this position must be placed near 5925.

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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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