RECAP
Readers who went short below 4895 would have printed out the almighty dollar as nifty crashed to 4824
NIFTY
For nifty outlook to turn positive it must cross and trade over 4875 today.
If it trades above 4875 with volumes, 4902 and 4932 are logical targets.
However if nifty future breaks and trades below 4785 with volumes it will crashland to 4745, 4725, 4675.
Weekly Analysis : http://jerrytechnicals.blogspot.com/2010/01/weekly-outlook-for-indian-stock-market_30.html
Gold MCX view : http://jerrytechnicals.blogspot.com/2010/01/gold-views-mcx-india-1st-feb-jan-2010.html
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