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NIFTY VIEWS FOR FIRST WEEK OF JUN

Friday, May 28, 2010 | | |

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First day after expiry gives positive opening for Nifty in Indian stock market. Today market closes 5066. If one observe last month, market try to sustain level of 5050. Sensex also hover near the 170000 marks.

In upcoming session Nifty will try to touch level of 5180, to create fresh short position in market. If one look at discounted future of JUN, them easily understand fear of investor and trader. Watching volume of nifty can gives of idea of emotion of traders.
One can buy nifty for short period with strict stoploss of 5000 level at spot.
There may chance that you have diffrent views. Feel free to share with our investor.

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