Thursday, January 22, 2009

NIFTY Outlook for 23rd Jan 2009

A doji bar has formed at the apex. This could be significant. There is a fair chance of an upward move now. Hopefully the rally could go all the way upto the red diagonal though this won't happen in a single day.

On the other hand, if NIFTY chooses to drop, a visit to the 360 degree line in a few days' time cannot be ruled out.

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