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Thursday 2 August 2012

NIFTY Technical Analysis 2nd August

Nifty has been performing well from the start of the new series. Today by opening low and continue slide by few points approached its intraday support at 5225. A sustained break below 5220 in futures will weaken Nifty on intraday basis, however positive moving average and MACD crossover n daily charts may limit the fall.
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