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Tuesday, June 11, 2013

Nifty :Going to 5500?

I thought a bounce was coming so that i could short form higher levels. But the major supports got broken at 5840 . And now I m short. Next major support looks at 5620. But look at the weekly chart with bollinger levels.The bollinger bands are working perfectly here with perfect touches and reversals.  And we should touch 5520 looking at this one.

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  1. Axis Bank Q1 profit down 21% as provisions up 89%; NPA worsens
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