Nifty Weekly Trend-23 July-27 July 2012 *LINK*

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Markets ended the volatile week on a flat note. Nifty future moved in a tight range of about 100 points with flat to negative bias for the whole week. On daily charts, if it is breaks the lower trend line acting as support then it may soon test the 100 day EMA support of 5150 and next support is seen around 5020 for the week. While, if it holds above the crucial level of 5280 then it may move towards the resistance range of 5350-5400. Volatility is expected due to F&O Expiry in this week.

Support:5120/5020
Resistance:5370/5460
Crucial Point:5280
Close:5216.60

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Nifty Weekly Trend-23 July-27 July 2012 *LINK*

Re: Nifty Weekly Trend-23 July-27 July 2012 *LINK*

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