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Showing posts from March 29, 2009

TOP OUT or BREAK OUT ?

NIFTY - may be top out anywhere between 3100-3250.

If it trade above 3250, it will be the signal for breakout . After the breakout it may come down even upto 3000+ but it will be only correction. Upside may expect 3650-3850

But if it unable to break and trade above 3250 then we may expect once again 2500 +

Be ready for either way possibility.

TOP OUT or BREAK OUT ?