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URL:  http://boards.fool.com/indian-stock-markettechnical-trend-analysis-1s-28608544.aspx

Subject:  Indian Stock Market:Technical trend analysis 1s Date:  7/1/2010  4:19 AM
Author:  nikkiroy Number:  55 of 68

Thursday, July 1, 2010
NIFTY
Mode-Hold with Stop Loss
RESISTANCE-5343/5374/5426
SUPPORT-5282/5251/5199
SENSEX
Mode-Hold with Stop Loss
Resistance-17798/17895/18059
Support-17604/17507/17343
Above resistance= Strong
Below support =Weak
All above levels are spot levels
If NIFTY breaches 5374 and stays above 5343 with good volume then NIFTY may see 5405.If Nifty breaches 5251 and stays below 5282 then NIFTY is weak.Then expected lower target is 5206.
If SENSEX breaches 17895 and stays above 17798 with good volume then possible upper target is 18000.If Sensex crosses 17507 and stays below 17604 level then Sensex is weak.Then expected lower target is 17350.


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