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Thursday, October 14, 2010

For 14 Oct 2010


As said yesterday..first high was 6120 and came down to 6091 then bounced..at 6150 ..little pause but momentum was so strong that it crossed earlier high....As shown on chart there is resistance at cmp 6233 as well as negative diversion taking place..if nifty spot cross 6260 then 6300 or even 100 points more possible..else here it will take a turn....bigger or shorter that should be decided at 6030/5940 level.....