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Monday 5 March 2012

Equity Trend for 05-03-2012 to 9-03-2012



Nifty future ended the week on disappointing note on account of weak global & domestic cues and slowing FII inflows. On daily charts, it has been consolidated around 5330. If nifty slips below 5300 then we expect a bear rally towards its 200 day SMA near 5175 in coming sessions. On higher side, 5450 may act as strong resistance for it to remain in positive momentum.




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