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Tuesday, 4 September 2007

Nifty after Tuesday

Nifty seems to have topped for a some time. A retrace of at least4384 (0.236 retrace) is warranted and still shade down can come to 4311 (0.382 retrace). Any further move will give it the direction. Since the markets are getting very edgy, trying to anticipate and take a position fresh now is dangerous.

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