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Nifty may correct up to 2896-2854: Angel

Posted on: March 25th, 2009 and is filed under Brokerage Recommendations.

According to Angel Broking’s Market Outlook report, if NIFTY trades below 2957 for the first half-an-hour of trade then it may correct up to 2896–2854.

Angel Broking’s Market Outlook report:

The trend deciding level for the day is 2957/9524. NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 2999/9646. However, if NIFTY trades below 2957/9524 for the first half-an-hour of trade then it may correct up to 2896–2854/9349-9228.

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