18 January, 2012
Bull phase like in the offing in NIFTY
First the nifty for January 2012 settlement may be above 5000-5100. Next the range for February 2012 is now shown as 5000-4400, but it may vary in due course probably to 4800-5200. The long term resistance line from the nifty 6350 zone is at 5100 which is to be broken up words now. Then the target in the medium term is 5550. This may happen as per my view. But it is not a bull phase initiation. I expect further fall after May 2012. The target to down side may be 3800-4200 Nifty zone to the end of this year.
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