Saturday, January 15, 2011

Where is Nifty headed?

Come Monday will the Nifty breach its 200DMA!
The speed at which Nifty gave up its recent gains must have thrown even the bear-est of all the bear traders out of the market. Nifty lost 97.35 points or 1.7% on Friday alone as it closed at 5654.55 near the lowest intra-day point in a very highly volatile session. The week saw the Nifty drift full 4%.

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