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Tuesday, October 25, 2011

Muhurat trading

SO we got the upmove . The underlying BULLISH TONE was felt because of an ASCENDING  triangle like formation . But now we are at MASSIVE MASSIVE resistance zone .  The GAP just over 5230 should also be major resistance .I dont see the nifty crossing that in the near term . Also at Overbought LEVELS .

SHorting today  for  a target of 5080, i.e 50 EMA( Close)  by Monday .  Todays EU meeting is also NOT EXPECTED to provide ANY REAL SOLUTION .

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