It was clearly mentioned that the Nifty is facing stiff resistance at 4440 levels and NO TEJI should be done till Nifty closes above the same in my blog posted on 20/08/08 "Bag full of confusion" . Yesterday Nifty plunged before making a high of 4418, till 4271.30. Nifty closed at 4283.85 below my support levels os 4290. On wednesday i have posted Nifty chart with some triggers that shows week trends. Nifty immediate support at 4250. The inflation for week ended August 9 has come in at 12.63% versus 12.44%. Another round of rate hike will be there.
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