Tuesday, February 9, 2010

Market Struggling below 4766 Nifty

Markets are still [9.40AM, 9.2.10] trading weak, and are below the Nifty Level of 4766.
Unless it exhibits strength above this level, there is a tendency to make a lower bottomS & lower topS. Once market take a decisive break above 4766 fresh buying can be considered, and the rally will be fuelled by huge short covering.

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