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Thursday, May 26, 2011

Nifty Trading Range, Levels,Tips,Trend Today 26 May

Nifty Outlook(Thursday, 26 May):-
Today expect markets to consolidate in a narrow range in the next quarter. Corporate earnings to remain subdue in the near term.  Expect minor downgrade in EPS in FY12.
Nifty is moving near 5350. Indian markets moved higher tracking gains in other Asian peers and as buying activity emerged near support levels. Because the session progresses due to settlement of May F&O series, it leads stock markets to trade choppy .In the last trading session Nifty closed at 5348 points & it is expected that it will be in down trend today also.

Resistance : Its first resistance level is at 5375 and above this level it could test the resistance level near the 5440 points.
Support : Its first support level is at 5310 and below this level it could have support level near 5175 points.


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