Sunday, January 18, 2009

NIFTY Outlook for 19th Jan 2009

There's not a great deal to said about NIFTY other than that it is in no-man's land! We have to wait for the market to show its hand and make a decisive move before forming a clear opinion about direction.

This could be a bit of a pause before a further move down. Or it could attempt to rally for a few days, perhaps hit the red diagonal and resume the journey downwards. Best to wait and watch.

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