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| From : Naresh Salian at 04:28 PM - Feb 09, 2012 ( ) |
Share it on FacebookToday nifty spot made a high of 5420.80 after strugling to break the 5400 levels for quite a long time. Before crossing 5400 levels nifty squeezed the SL on both the sides. Now there is no juice left in this bull run. So its better to wait in the sideline and plan for the next move. I personally feel that at the most nifty spot may touch 5430-5450 before starting its downtrend.
Please dont follow me blindly, this is my personal view.
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global mkt was in some gain ( 2011) nse was lost 24% in 2011..now recovery obvioues willdo batter then global mkt ...
1 more thing indian mkt wave structure is different.........global mkt wave sturucture is differ
so our no match with them
from 4538 to 5438 -- 900 points continous run without any profit booking and correction in one month. nearly 20% upmove. no market in the world ran like this. so ours is the best ground to play foul play.
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