Indian Markets had shown weakness despite stronger global clues on 11.2.2010. It could not hold on to the higher level it touched in the opening hours.Market should decisively close above 4830 for Nifty, for an upward breakout. Otherwise it is likely to drift lower and test the 200 DMA around 4660 levels.
The week is truncated as Friday is a Market Holiday.IIP figures of Dec 09 are expected to be announced on Friday which are expected @12% vis a vis 11.7% of Nov09.
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