Tuesday, April 17, 2012

Nifty Future tips and Market update for 17 April

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The Nifty index has been consolidating in the 5100-5400 range since late two month. RBI policy meet today and the results season are expected to provide further cues to the markets.Today market opened with minor positive node an it trading at 5236 intraday low 5221, Buy Nifty future if it touch its resistance levels

Nifty Future Support and Resistance levels
Nifty Resistance: If nifty touch levels 5250 then it second resistance is 5320.
Nifty Support: 5200below this levels it go 5150
CALL BUY NIFTY FUTURE ABOVE 5245 TARGETS 5260 , 5290 STOPLOSS 5218

ECONOMIC DATA UPDATE: Reserve Bank Of India Revised Repo Rate to 8% reduce by 0.05%.Data is positive market may go to make buying position.

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