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icicidirect. Com has come out with a pre-market exploration report. The broking firm says, the nifty has support at 6090-6060 and resistance at 6150-6180.
The report says, “the indian market is expected to open positive on account of strong international cues. Indian markets opened marginally positive but remained volatile throughout the day as the rbi raised key short-term policy rates by 25 basis points. Banking stocks remained marginally positive as they shrugged off the bashful rate hike decision while realty stocks were the major losers as the rbi tightened provisional norms on home loans. Cement stocks were amongst the major gainers as companies reported strong production and sales numbers. The bse sensex declined by 10 points or 0. 05% at 20,346 and the nifty ended up by 1 point or 0. 1% to 6,119. The sensex is expected to find supports at 20270 and 20130 and resistances at 20450 and 20610. The nifty has supports at 6090 and 6060 and resistances at 6150 and 6180. “

Posted by musicking on Nov 4 2010. Filed under Business news. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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