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Tuesday, February 21, 2012

Dollar analog::--Suggests much lower targets for the dollar.

Just looked at the dollar chart and observed that it has got much similarity in this down move  with the down move last year. I have marked similar points with same colored figures.   RSI, MACD and even Bollinger band is behaving in same way .

If that works out well, and dollar has much lower to go.  In that case NIFTY might fly to greater heights without a good correction .
We might see 6000 without a good pullback.

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