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F&O Outlook: Strong resistance above 4,400 levels

Posted on: May 21st 2009 in Market Outlook.

Trading action shifted to small and mid-cap stocks. Hence, as expected, the Nifty closed below 4,300 levels at 4,270. It is difficult to predict the index movement from the current level as the overall trend is up. The Nifty June futures closed at 4,299, 30 points premium to the spot, whi…

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