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Tuesday, April 17, 2012

nifty views for 17/04/2012

tomorrow 17/04/12 any upmove will be restricted in 5285-5291 ns range

shorts can be created near these levels with sl abv 5313,expecting these levels may be seen near declaration of RBI credit policy

another possibility:

considering possibility of a gap down opening( if asian markets are weak tomm in early trade) near 5200 and then a dip towards 5170-5160 range and strong upmove towards 5260 after declaration of policy???

strategy:

buy near 5170-75

or sell near 5280-85

all levels are ns levels

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