Friday, 18 November 2011

Outlook of Nifty for 18th Nov


Nifty futures immediate support is at 4903 and major supports at 4887-4879 and 4818. The downside side of 4786-4718 is not ruled out. Immediate resistance now comes at 4962 and cross-over with volume likely to show relief rally towards 5001-5034. Nifty future needs to close once again above 5001 for bulls to return.

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