Wednesday, 17 April 2013

Indian Stock Market Trading View For 17 April 2013:

Opening Trading Note

Nifty to trade volatile and is likely to follow global cues.

Nifty spot if manages to trade and sustain above 5700 level then it is likely to show some upmove and if it breaks and trade below 5640 level then some profit booking can be seen in the Nifty. Please note this is just opening view and should not be considered as the view for the whole day.
above 5714 Nifty Future will face 1st resistance at 5733…….

Above this level Nifty Future will face next tough resistance at 5761///5773….…

below 5666 Nifty Future will take very vital support at 5654///5642……if start to trade below this level then crucial support is 5620……..

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