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19 Mar 2011

Likely Direction of Indian Market in Coming Week

It is a good news for the market as FII have been net buyers to the tune of 467 crores and domestic funds have been net buyers to the tune of 1535 crores. Coming week one has to watch US existing home sales, UK Consumer price index to takje cues from global markets.

Nifty has support at 5310 and if this level is brokent than 5230 level can be seen by the market. If Nity sustains above 5460, than it can rise to the level of 5540-5590 which is its 200 days EMA.

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