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10 June, 2009

9-6-2009 trading shows a big reversal and may lead to further rise in the markets. Nifty closed at 4551 +121 points. FII data, F & O data, option writings are all positive. Global cues are not negative. View is positive as nifty once again took support at 10 day ema line even by breaching for 50 points. Now one can think of short if markets come down 4450 once again. Go long as of now.

nifty resistance 4656 + 20.

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