Quotes with Resistance & Support

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Strong support for nifty at 5320-5380. A bounce is likely from here

Posted on: May 6th 2011 in Market News.

As the below image indicates, nifty has strong support in the 5320-5380 region. As mentioned in previous posts, it did not manage to cross its long term resistance around 5950-6000 levels. it has maintained its uptrend since Nov’09 and it is likely markets see a bounce/ short coveri…

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