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Markets opened at a flat note and were unable to gain momentum as found resistance on higher side and finally settled on a flat note in the same narrow range on daily charts. Nifty future has stuck in narrow range of 5800-5950 since last few sessions and needs to give a proper breakout on either side to decide the trend further. Now, in the coming sessions FOMC and RBI Policy are the key events. Technically, any closing below 5800 will drag it towards deeper support.For More Details : http://stocktips.org.in/2013/09/stock-nift...s-18-sept-2013/
Nifty future continuous its consolidation phase and ended on a flate note ahead of outcome of two days FOMC meet ending September 18 and RBI policy announcement on Sep 20. Nifty futures closeat 5883 with a high of 5888.