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The Bulls kept the momentum going for Nifty future as it pushed the
index above 9650 in trade on Friday but profit booking at higher levels pulled
the index lower towards closing trade. The market closed on a flat note, with a
tad negative bias on week ended Friday. The Nifty future managed to close above
9650-mark. The Sensex closed down 8 points at 31360, while the Nifty future
ended 5 points lower at 9668. But in the whole week bulls has shown that
they are here for the long run, the marathon.
The Nifty future has closed at 9668. According to Pivot charts, the key
support level for Nifty future is placed at 9630, followed by 9605. If the
index starts to move higher then key resistance levels to watch out are 9715,
followed by 9735. Bank Nifty closed 20 points down at 23460 on Friday.
Important Pivot level which will act as crucial support for the index is placed
at 23400 followed by 23350. On the upside, the key resistance level is 23550
followed by 23600.
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Resistance: 9700, 9725,
9750
Support: 9625,
9605, 9575
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