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Tuesday, June 14, 2011

Reliance chart

One reason why the Nifty didn't rally as much as I had expected is this. Reliance had a big fall today too. Chart below shows technicals OVERSOLD. Tomorrow also I expect a BLACK DAY. I expect a small black candle to form after touching 900 support area and also the lower Bollinger Band  Expect a rally from the next day.

Since I am expecting the fall to be less , this will help the Nifty RALLY MORE than today.


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