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Showing posts from August, 2008

NIFTY

NIFTY - If Close above 4400, then may expect some more pullback upto 4550-4600. Otherwise fall will continue in a side ways manner. In downside may expect 4100 and below that 3900. Falling momentum starts once it breaks and close below 3900.

FOLLOW UP - ROUND TWO

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NIFTY - July 26, 2008 posted opinion (titled ROUND TWO) is still valid. May expect 4700-4900 levels and may hold this levels (4400-4900) some more time.THIS IS ONLY A PULL BACK RALLY.

FOLLOW UP - CRUDE OIL TOP OUT

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CRUDE OIL gave the TOP OUT signal on third week of JULY 2008(refer july 18, 2008 posted opinion), now the fall is going on. May expect optimum downside target of $ 101 - 98 levels.