Thursday, October 6, 2011

Nifty at 4750

In the previous post, I had suggested that the Nifty is finding support at 4750. That view holds. The Index fell to 4750 four times in the past few days. There is now a thin line - 4750 remains support because it has been touched many times. IF it is broken, long positions should not be taken / should be closed.

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