Monday, October 3, 2011

Market Trend: Nifty Technical Outlook

The market following the selling pressure in Asian market, started weak and ended up in red zone. Spot nifty lost 93.75 points and closed at 4849.50.
Nifty futures settled up at 4857.75 after losing 76.55 points. The negative trend of today's market doesn't seems to prevail for tomorrow and Nifty may take a up move if it trades above 4880 while 4909 may invite a sell off.
Major resistance levels are seen near 4880-5049 whereas downside support in lying near 4810.

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Posted By Commodity MCX Tips