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Wednesday, July 20, 2011

Nifty DOWN

As I had expected yesterday , NIFTY was a down day today . BEARISH ENGULFING formed. Tomorrow Also i expect a DOWN day as the technicals are pointing towards it . But not sure HOW much down side will come . I expect atleast the last PIVOT low 5497 . My favourite is 5470 . Lets see the next 2 days .

Theres an outside chance of HITTING that thick GREEN line .That would be around 5430 area.

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