Nifty Analysis – 8th January 2012

By on January 8, 2012 in Analysis, S&P CNX Nifty

Despite all the gloom around, we strongly believe that Nifty is in the process of bottoming out. If the recent lows of 4500 can hold, then Nifty is all set to scale 5000 – 5200 in this quarter. Strategy going forwards is fairly simple; Be long above 4500 – 4600 and be short below it.

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