Friday, February 08, 2008



IT IS SEEN THAT THE 200 DMA HAS ALWAYS GIVEN OUR MARKETS A MAJOR SUPPORT. 200 MDA OF NIFTY IS AT 4895. TODAYS CLOSE OF NIFTY (4899.30) IS ALSO ABOVE 200 DMA. I THINK SO THAT THE MARKETS SHOULD STABALIZE OVER HERE. SHOULD CONSOLIDATE HERE FOR SOMETIME BEFORE FUTHER MOVE CAN BE (UPSIDE OR DOWNSIDE).

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