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Monday 30 July 2012

Nifty Technicals - 30th July 212

Nifty (Analysis based on August futures) managing to sustain its 5140 resistance but still failing at 5170 resistance. Nifty will gain positive momentum only if it break and sustain above 5200 until then a drop towards 5100, 5050, and 4950 support levels is the possibility. RBI policy decision on 31st may decide the nifty momentum for next few days.
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