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Tuesday, February 11, 2014

NIFTY



            Nifty is consolidating since last three days after making an interim bottom of 5957. This consolidation is going on with negative bias. Major levels to watch are 5950 / 5970 on down side and 6320 / 6350 on upper side. In between there are plenty of range bound trades with plenty of supports and resistances. After watching for first 15 minutes of market, if it permits, one can go
short on NIFTY for the targets of 6025 and 5975 and further down. Stop Loss can be maintained at yesterday’s high of 6107.



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