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06 February, 2009

?!

Yester day nifty traded in red and at 2780 lost -23 pts. Market is in a triangle and it has to come out to take any direction. To down side,  as we are in bear phase and to cross to up side as we require a bear market rally.  Then, the fall now we are seeing is  highly controlled and rising a doubt whether it is to fall or to trap the shorts.  Levels for nifty 2870 up side and 2700 down side. Intra day levels nifty 2810-2750.

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