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NIFTY Outlook

Tuesday, July 28, 2009 Leave a comment Go to comments

Markets have been consolidating nicely around the 4550 levels. This is a healthy sign for the long term uptrend of the market. Another thing that now needs to happen is some correction. This will shake out the weak hands and stronger players might buy on dips. Serious troubles might emerge only if the markets correct sharply below 4350. Otherwise, this is a “buy on dips” market. On the upside, 4700 needs to be crossed before next phase of buying kicks in and momentum picks up again.

I’d be little cautious on the stocks that have run up too sharply in the past week or so. It is again the case of “too much money too soon” kind of situation.

  1. RAJAN
    Thursday, July 30, 2009 at 8:23 am



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