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Thursday, May 12, 2011

Nifty update

We got the Fall that we were expecting today . We touched 5477 at one point close at 5486. The fall should get arrested here.we might not see a rally tomorrow itself. May be a small body candle.

Its hard to say how much of a rally we get here. Definitly not Expecting more than 5625. Most probably 5590 or 5610. Will keep an watch on the technical indicators for that END POINT of this mini rally.

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