Nifty correction continues; next support around 6000

Nov 11, 2013, 06.26 PM IST

Sudarshan Sukhani's Game Changer - The Nifty correction continues and prices are now trading near its minor support level - 6060. The Bank Nifty has a minor support level near 10500 and a strong support level near 10200.

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Nifty correction continues; next support around 6000

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The Nifty correction continues and prices are now trading near its minor support level - 6060. The Bank Nifty has a minor support level near 10500 and a strong support level near 10200. CNX IT is trading near its previous swing highs and prices may find resistance near that zone. We have ALUMIMIUM in METALS; giving us the possibility of a trade if prices breaks above the resistance. Then we have ENERGY Sector which is at the verge of the breakdown. Stocks in focus include NTPC and Hindustan Unilever. For each of these stocks, we analyze their technical picture; identify trades with stop loss and targets. At the end we have EUR-INR currency pair.

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Nifty correction continues; next support around 6000

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