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22 August, 2009

21-8-2009 trading shows that markets took support at nifty 4400 and closed 4528 +75 points. A good 125 points intra day rise. Dow closed at 10 month's high. FII data, F&O data, Option writings are all showing bullishness to be continued in the coming week. Hence, one may expect a breakout of nifty 4730 in the near future. Don't short in the coming weeks. Upper targets of 5000-5200 may be achieved in the next month.
I continue the blogging intra day through twitter which is on the right side of the page.

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