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Chennai, Tamil nadu, India

Monday 22 March 2010

NIFTY LEVELS TODAY.

My dear Viewers,

Here is your free Nifty analysis for 22-03-2010.
Nifty is trying to go above 2670 and find new high.But RBI has announced the new repo rate and reverse repo rate(In a surprise move late Friday, RBI raised its short-term lending and borrowing rates-- the repo rate (rate at which it lends to banks) and reverse repo rate (rate at which banks park their surplus funds with it)--by 0.25 per cent each to 5 and 3.75 per cent, respectively,to cool off runaway inflation)That means the money will be take out of the system and loans will cost more.
Resistances are 5264,5270,5280,5298,5303,5311 above which nifty may go to 5328,5349,5368,5392.
Supports are 5249,5233,5224,5210,5200,below which 5145,5137,5120,5097,5080,5050.


Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.

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