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Thursday 19 July 2007

19th July 2007

Nifty did a start - UP then - DOWN closing - UP ......and all were confused as to what was the market up to. Expiry is still away and any moves can be expected to it. We expect the market to be tricky like the 18th for today and tomorrow......
If you go to this site of http://www.fxwords.com/j/japanese-candlesticks.html you will see that the 17th July candle for end-of-day nifty was an "evening star" and should have given a down or red candle for the 18th. In fact it did give a red candle had that last half hour rush back not come in. The candle pattern for 18th formed is a doji - the classic way to say - "not sure".
So we are not sure what is coming on 19th that is today. Let it come.

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