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Monday, May 23, 2011

Nifty Update

Nifty rallied as I expected . But it was just for one day . Today nifty fell 100 points on the back of Euro crisis.
the best guess I can take here is that Nifty will bounce for a rally only when the lower Bollinger Band is HIT.
Most probably that would come at 5285 area. So its better to wait and Watch here. No longs and No shorts.


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