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India Equity Research Reports, IPO and Stock News
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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Watch Nifty
Ø Nifty made an impressive upmove especially at a time when there is a drought of big gains in recent times. We had even on 29/08 mentioned that Nifty had to move up and it did so swiftly.Nifty has now to cross 4970-4990 for it to move further to 5050 and then 5180-5200. Only when it closes convincingly above
5200 can we think of higher targets. Till then, we expect one more move down.
Ø Nifty's resistance for 30/08/11 is likely around 4940 and then 4970-4990.
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