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Markets-What next?

Tuesday, September 4, 2007 Leave a comment Go to comments

Markets are back in “bullish mode” after sustaining at higher levels. First stop is 4500-4530 levels.I feel that some correction is on the cards after these levels are reached.It is difficult to say if the correction will be sharp or if the NIFTY will just consolidate. In case NIFTY consolidates around these levels, then 4650-4800 is possible in the medium term. In case NIFTY correct sharply,then 4350 shall be the level to watch.

Midcaps are flying high.Yesterday was a surprise day as most of our recommendations did quite well as compared to the markets. Lets see if the trend continues.

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Categories: NIFTY Strategy
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