Monday, April 13, 2009

Nifty continues its corrections in "Intra day" only...!!

If these corrections happen above 5 DMA(3307) and just below 200 DMA(3431), Nifty may set itself for a jump above the 200DMA and move to higher levels. For the very short term - break of 3360 may lead to 3325 below which 3295 .
As long as the daily trend is up, the "OB" & -ve div. of hourly gets corrected in intra only. Individual stocks and the "last fallen stocks(Banks)" continue to attract buying...
If "Infy" results & guidances are impressive, "IT pack" may lift the Nifty up..
If "Infy" disappoints, Nifty may use it to set right the "OB"prices with the laggards hogging the limelight..






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