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Monday, April 18, 2011

NIFTY Spot Trading Support & Resistance - 19 APRIL 2011

RESISTANCE :- 5843.91, 5958.73, 6019.56
SUPPORT :- 5668.26, 5607.43, 5492.61


BREAK -EVEN POINT :- 5783.08


MARKET OUTLOOK:- POSITIVE IF ABOVE MAINTAINS 5783.08


NIFTY SPOT CAN TOUCH 5683 - 5668 AND FROM THIS LEVEL STRONG BUYING IS POSSIBLE...


"IT HAD ALREADY SAID IN THE POST  IN  "NIFTY SPOT CAN GO UP TO 5758 - 5700 - 5688..........12 APRIL 2011" ON BLOG. CHECK THIS....AS TODAY IS CONCERN NIFTY SPOT DID NOT HOLD 5846.11. MESSAGE ALSO HAD GIVEN TODAY "IF DOESN'T HOLD 5846.11 THEN CAN TOUCH 5784.88 AND NIFTY SPOT TOUCHED THIS LEVEL....BUT AFTER THAT AGAIN DID NOT SUSTAIN THIS LEVEL AND AGAIN MESSAGE HAD GIVEN THAT IF DOESN'T HOLD 5784.88 THEN CAN TOUCH 5745.21. TODAY NIFTY SPOT HAS BROKEN THE MAJOR SUPPORT ON 6 MONTHS BASIS THAT IS 5763.64 SUGGESTED IN THE POST "Major Support & Resistance of NIFTY Spot on 6 Months Basis from Nov 2010 to April 2011 - 15 April 2011 " CHECK THIS....SO NIFTY SPOT CAN GO UP TO 5683 - 5668....AT THIS LEVEL STRONG BUYING IS POSSIBLE."

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