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21 October, 2009

20-10-2009 trading shows that the markets faced resistance at 5185 and lost ground up to 5092 and nifty closed at 5114 -28.

  • FII data bought in cash.
  • US markets were in red.
  • Global markets are in red.
  • 10 day ema 5080.
  • 20 day ema 5018..
  • SGX nifty is flat.
  • F&O nifty future sheds open interest around 10 lakhs.
  • Option writings: More calls were written at 5100. Puts sheds open interest.
Over all view: As expected markets could not continued the rise for the week. It is correcting now itself. Means, nifty may correct for two days and rise for further upward targets in the next settlement. Lower levels support may be at 5080 and 5018.

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