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Monday, May 17, 2010

SOKHI NIFTY VIEW for week ahead ! ( Acid test lies in the 4950~5000 range)

Global cues are likely to dictate the trend in equity markets in this week. Our Markets are once again likely to drift towards recent 'lows'. Acid test lies in the 4950~5000 range of NIFTY, which is also a strong Support zone for NIFTY on the downside (arising out of 200 DMA and 61% retracement). Stability in global markets and 'value-buying' around this range could help markets survive the acid-test.

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DISCLAIMER

All the advises,calls,tips and predictions are neither an offer nor a solicitation to purchase or sell securities.The information and views given by writer is believed to be reliable but no responsibility (liability) is accepted for error of facts and opinion.Writer may be trading in or having positions in stock markets.