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22 July, 2009

21-7-2009 trading shows that as expected market took rest and FIIs started selling in cash. Nifty closed at 4469-33 points. FII data, F & O data, option writing are little bit positive bias. Global cues are +ve. SGX nifty is + ve.

Over all view: As we have just started shifting correction this may run for another 2 days. One may expect further drifting of nifty up to 4300 level for further rise. If nifty won't correct to that extent in this week there may not be bullishness in the next week.

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