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Thursday, October 20, 2011

Nifty triangle

So its most probably forming a triangle in the 2nd wave of the C of the 4th .

Europe futures are in GREEN . Waiting for the EUROPE markets to open . The machines ( algorithms ) are doing most of the trading . At that point we might see a bounce in NIFTY to about 5130. At which point we SHORT again for a target of 5060 , which I expect to achieve today itself.  At which point we will BUY for at least 5170 next week target .

No access to software  live charts . Just SPECULATION.

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