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    Monday, July 4, 2011

    mkt ahead...nifty 04th july 2011...

    nifty crossed the crucial resistance zone of 5610-5620 too and and did well for itself moved to next big resis of 5700-5720 of July and can get a reaction here so be cautious as it might show some sort of reversal or profit booking also. one can keep a tight sl of 5585(support 5600) spot cl basis if they have rolled over their nf longs. nifty would be freshly bullish only above say 5725 spot.

    5 comments:

    Unknown said...

    Thanks abhay for your clear and but view

    Sujatha said...

    Thank you Abhay

    Nifty will follow you :) :D

    regards

    abhay r somkuwar said...

    thanks and welcome jigs and Sujatha!

    that view was for short term, but if nifty stays consistently above falling trendline(which is near 5720 currently)in short term, the intermediate term reversal can take place which would infact then be on upside and would be a major one...! so we should keep that in mind.

    Sujatha said...

    Abhayyyyyyyyyyyyyyyyy

    regds

    abhay r somkuwar said...

    Sujatha...yes, quite unexpected rally...lets see how it closes today

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