State of the Market: Breakdown or Pullback?
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Deepak Singh
Dec 15, 2009, 10:36:59 PM12/15/09
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Yesterday after many trading days, Nifty made a decisive down move and in the process broke down below 20 dma of 5080. Technically, it means Nifty can decline to next support level of 50 dma i.e. 5001. The big question however is: How deep the current decline will be? Will it get arrested around 50 dma or are we looking at bigger retracement?
Read the rest of this entry » http://www.stateofthemarket.net/blog/?p=9937
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