Monday, 21 November 2011

Outlook on Nifty for 21st Nov


Nifty Future immediate support at 4903 zone and in case breaks and trades below we may see selling towards 4853 again. A break below 4813 can drag nifty to 4786-4718. Immediate resistance comes at 4954-4962 and cross-over with volume likely to show a dead cat bounce towards 4997-5003. SELL ON RISE should be the strategy and shorts needs to be added for a positional target of 4700.

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