NIFTY SPOT VIEW-16TH JULY 2012

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7/14/2012
Market Update

Nifty stopped near Gann level that I have been wrote in my past market update also this level is valid yet now. No change of view strength will come only cross the 5345 level cleanly and think weakness below 5155 level. Resistance are 5345-5415-5437 and support stand for-5200-5155-5060 closing basis.

2nd pressure date for the month of July is 21st July 2012 (accuracy +/- one day).

STOCK ALERT:

No change of level for Axis bank, resistance are-1115-1180 and support stand for-1020-1002.Try to find out long trade on this stock.


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