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NIFTY SHOW- MILD BOUNCE

Nifty closed in green with a  mild gain of  22 points.But the market breadth was negative to 680 advances to 785 declines.From past many weeks markets are  consistently bouncing off  from the 5170-80 levels,and  today also markets followed  the tradition.TCS results came up as afloat for the markets,but the question arises till when?.Beside this rest all  things are having a dampening effect.
                                                                                                    This is an expiry week ,keeping this in view markets are expected to remain choppy.Expiry below 5200 more precisely 5150 is likely for the bears to take over.The markets are still trading below the short term DMA levels.Watch for the levels discussed yesterday going forward to trade efficiently.

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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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