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Monday, November 28, 2011

Nifty upmove ahead.

I have been looking like a HAWK at the dollar charts . Without a weakness in the dollar , Nifty WILL NOT RALLY .  The dollar has been going very strong .  But now its looking like a TOPPING pattern is emerging and a break of bothe the HnS neckline and the trend line support is due. And that wil  help the nifty travel higher from the cirrent levels. I am expecting a minimum target of 4960 . It may go higher than that  .

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