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Nifty Buy or Sell, Options, derivatives, NSE, charts, profits

Nifty Intraday:- 22 January, 2014

Really good information shared by IntradayNifty …


S&P CNX NIFTY is perched above 6300. More important is that  the average typical price of last five trading session now is 6300. Therefore the next three trading session of the week is important for the up-move of the Indian Stock Market. If the bulls can defend 6300 and keep Nifty above 6300 on closing basis in this week than Nifty can pose a serious challenge to previous highs. Though it cannot be denied that Nifty will face stiff resistance at many levels with the first target of 6470 in sight. A lot of shorting will take place at levels like 6350, 6400 and above 6400. Nifty can reverse from any of these levels sharply. The FIIs too have been net sellers on many of the days in January. The main support of Nifty is the 50 day SMA since so many months and it will continue to be…

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