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Tuesday, July 12, 2011

NIFTY Updates

Trend line stops NIFTY. It was also the 50 DMA. I think its time for a little bounce here . The GAP gets filled at  
5601. 5600-5620 area is also area of TREMENDOUS resistance . Most probably Nifty HITS that level again and then another DOWN MOVE occurs. 50 % retracement of this recent down Move is 5618.

Will keep an eye on the OSCILLATORS .

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