Thursday, July 9, 2009

NIFTY Outlook for 10th July 2009


NIFTY managed to put up a doji bar today. And the fact that this has happened along the upward sloping green diagonal could well be significant. Perhaps the index is serious about a counter-trend rally at this point. But then again, we still have the un-fulfilled 360 degree line target. Best to let the market show its hand tomorrow.

Projected High: 4,135.45 (54.50 points)
Projected Low: 4,060.40 (20.55 points)

Bullish above 4,101
Bearish below 4,059

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