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Friday 24 August 2007

What next in nifty

Nifty it seems is precariously placed ....... 200 points up and down and up and down and ............. Too difficult to digest the swings and the volatility. Artificially generated ? You never know. Please see that nifty is in a down channel right now ...... And we can even see that something is about to happen with the 5 day triangle formation coming up too. Markets never give correct and clear cut signals for they will not be called stock markets. We expect the triangle to do a false break out and then a dip in all likelihood. Of course we may be entirely wrong in that assumption. Nevertheless, the triangle is worth watching and it should take 1 to 4 days of trading before it breaks up or down.

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