Monday, February 22, 2010

Nifty unable to go past 4930

Key take aways

·         US, Europe near 61.8% retracement, Asia underperforms manages only 38%.

·         Nifty unable to go past 4930, Exhaustion Gap on Nifty Futures.

·         BSE 500 also shows similar picture.

·         Nifty slower retracement, lower volumes.

·         DXY continues to trade above 80.

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