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Wednesday, July 7, 2010

GO SHORT

People are bit coufused as Nifty is hovering in a critical range. Short or long. For many Nifty is all set to make new high as long as it doesnt breach 5200 support. In fact, 5200 is a very strog support. Check it out.

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Besides, the faster moving average is on the verger of crossing down the slower one and did notice the bearish formation. NO. How can you see any formation in line chart. Check it out again.



Its Bearish Harami, Nifty is on the verge of correction. And we can expect 5000 level once again. So go short