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30 June, 2009

29-6-2009 trading shows that markets took speed in rising up though it closed with a jerk. Nifty closed at 4391+15 points. All technical indicators are to + side. Global news is + side. All Indian analyst's opinion is +ve. FII data + in cash, - in index & stocks futures.Nifty futures -3.2 lakhs means not +ve but not - ve as very build up is seen in f&o which is insufficient to force the market down with speed. F & O writings are balanced with nifty range from 4300-4600.SGX nifty is +ve now.

Over all view:
Last hope for big bearish head & shoulders on day chart will be nifty should be below 4465. Else bullish and markets will see new highs and even bullish for the entire July series?. Bears attack will be nifty below 4315.

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