Stock Market Forecast for the Week (25th – 29th July ’11)
Nifty futures was trading in a range of 5667-5500. Nifty fut closed on a positive note on Friday at 5645.55.
Now 5670 is important resistance on the higher side above which we can expect targets of 5720, 5755.
On the lower side important support levels are 5530 and 5500. Below 5500 we can expect the targets of
5400 and 5310. Short term traders should look to build long positions above 5670 levels.
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