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mr.traderji on Fri Feb 05, 2010 8:21 amNifty Resistance at 4790
Support at 4686/4630
NIFTY FUTURE
Sgx Nifty trading down 130 pts , Overall market trend is Down ,i would suggest to Avoid buying at dips & wait for a Pull back around 4820-4850 to take short position in the market for this feb series with a stoploss around 4900 cause there is high chance for the market to break down 4750 and breach lows of 4200-4050.Only if we maintain to close above 5050 we will use the word "Buy" until that play with these levels..
Investors can wait and accumulate around those levels.
Good luck & happy trading
Support at 4686/4630
NIFTY FUTURE
Sgx Nifty trading down 130 pts , Overall market trend is Down ,i would suggest to Avoid buying at dips & wait for a Pull back around 4820-4850 to take short position in the market for this feb series with a stoploss around 4900 cause there is high chance for the market to break down 4750 and breach lows of 4200-4050.Only if we maintain to close above 5050 we will use the word "Buy" until that play with these levels..
Investors can wait and accumulate around those levels.
Good luck & happy trading
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