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Tuesday, November 1, 2011

Nifty --a little bounce

Very short term oversold. Filled the bigger GAP . But we left a little GAP at the top which gets filled at 5327.
So expecting a bounce atleast till that level. Not shorting at these levels. Important FED meeting coming up . Better wait till tommorow . But many analyst on the blog are primarily BEARISH . They are expecting a bounce to complete a smaller HnS   and will also complete a right shoulder of larger HnS.

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