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Target for Nifty | Technical Chart | 31-Jan-2012

 Below is the technical chart of Nifty, with ichimoku indicator.

Target for Nifty
Target for Nifty

As expected, Nifty has started correction. It's first support will be at kumo viz. @ 5061 and then at 4967. However, if kijun-sen line remains flat, it will surely drag Nifty to the levels of 4901 in coming trading sessions.

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