Thursday, January 20, 2011

Nifty- A double bottom!

After a dismal start, Nifty fell down to 5634.5 and then in late trade surged to 5729.45 before closing at 5711.60. A double bottom has been formed signifying that a short term bottom is in place. A further rise of 40-50 points would confirm that for short term, the pain is over.

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