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Saturday, 27 September 2014

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Nifty Weekly Report on 22 to 26 September 2014

In this week nifty market performance very slow movement nifty move down and up its end of the month gain with 57 point. In 22 September nifty open at 8084.45 and 26 September closed on 7968.85. In expiry time breaks 7950 point and move on 7000 but suddenly after some hours nifty gain and move on 8000. This week many times nifty opened at flat, after under pressure slack also. Nifty futures closed at 8031 with a high of 8057. 

The 50-share NSE Nifty lost 152.6 points or 1.9 percent to 7968.85 while the broader markets hit badly. The CNX Midcap and BSE Smallcap indices were down 3.7 percent and 6 percent, respectively.

Nifty for next trading session would have the resistance of 8080 if it breaks this level than having the next resistance of 8150 and in down side having the support of 7930 if it breaks this level than having the next support of 7880.

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