Quotes with Resistance & Support
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Key levels: Sensex 8,900 & 9,135

This article was posted on Feb 19, 2009 and is filed under Market Outlook

The bears continue to hold the upper-hand on the markets, as the index drifts lower.The index is likely to test 8,725 in the coming days, while an upmove will be met with stiff resistance around 9,390-9,435.

Today, the index is likely to find support around 8,900 on the downside, while face resistance around 9,090-9,135 on the upside. In case the index is able to sustain above 9,135, then it may rally upto 9,240.

The NSE Nifty is likely to face resistance around 2,800-2,810-2,820, while support on the downside will be around 2,750-2,740-2,730.

source: Business-Standard

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