Thursday, June 17, 2010

Nifty short term target of 5339 will be achieved

Nifty broke out above 5250, after witnessing two days of consolidation and consistently maintained positive trend for the seventh consecutive day. On hourly, chart Nifty has bounced back after taking support at 20-HSMA and thus gave a bullish breakout from the Flag pattern. Hence we believe that our short term target of 5339 will be achieved in the coming future.

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Safe Harbor:

The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
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