Thursday, 17 November 2011

Outlook of Nifty for 17th Nov


Immediate major support at 5034 and then at 5001-4993. 
Immediate resistance at 5077-5084



Breach of 4993 would drag nifty down to 4962-4903.
However if opens above 5034 and maintains above 5084 we can expect a pull back towards 5131-5157.
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