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NIFTY SHOW

Today nifty opened with a gap up and sustained the gains.It  has taken support and is trading well above the 200 DMA, now it might face a resistance at 5450 levels,violation of this level and close above this will boost the bullish sentiment immediate target for nifty would be 5600-5700 levels.the coming event of BUDGET will definitely have a significant effect on the markets.Traders are suggested to trade considering evrey news that comes prior to budget.
                                

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DOJI

Nifty witnessed an absolutely sedate session,the bias looked positive but lacked momentum . The broader market was negative with 665 advances to 808 advances.The rally seemed to take a halt for a day before continuing further.i feel that the rally would take the markets to 5470-5500 before correction.since we are lacing fundamentally the longevity of this rally cannot be counted on.                                                                                                       On the hourly charts we are making higher highs and higher lows keeping the momentum intact,still as advocated a burst of 40-60 points on the nifty is still pending before correction ,i feel this might come tomorrow.Hence adding nothing more to i...
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