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Nifty may correct up to 2771: Angel

Posted on: February 20th, 2009 and is filed under Brokerage Recommendations.

According to Angel Broking’s Market Outlook report, if NIFTY trades below 2786 for the first half-an-hour of trade then it may correct up to 2771.

Angel Broking’s Market Outlook report:

The trend deciding level for the day is 9044/2786. NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 9111–9178/2805-2821. However, if NIFTY trades below 9044/2786 for the first half-an-hour of trade then it may correct up to 8976/2771.

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