Tuesday, July 24, 2007

View on Nifty

Dont expect nifty to correct fall too much before expiry. Nifty supports exists at 4530 zone and next argets are 4650 to 4680. stocks/Indices have tendency to stay long in an overbought zone. As i said earlier, historically all crashes has happeend between 1st to 18th of respective month. Wait for nifty to exhaust before you place your bids or ride the wave.                                                              

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