Monday, October 13, 2008

Nifty Future for Week Oct 13-17 - Rakesh Chandra

In the intermediate timeframe, Nifty is an oversold area, hence a bounce is expected. However, on the upper side profit-booking could come easily.

Buy Nifty future above 3,342. Stoploss 3,264 with target 3,469.
Short Nifty future below 3264. Stoploss 3342 with target 3138.

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