Tuesday, December 7, 2010

A PULLBACK RALLY ends

a pullback rally was expected from supports around 5700 and precisely from 5687 and that rally was capped at a weekly close above 6021/20056 unless that weekly close happens i termed the pullback rally only as a corrective rise.
there is still a probabilty of a higher bottom but looking at the weakness in bank nifty i think we are headed towards 5595/5565.

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