Tuesday, November 17, 2009

STOCK MARKET TODAY
Nifty traded in a tight range. Volume was not good. FII’s were net buyers for 450-odd crores. Today too nifty was resisted around 5070 levels, positive global cues too did not help. I feel RBI’s survey about GDP may hold market from an up move. Technically a waiting pattern had formed in the price chart. Would nifty can stay above 5070 levels then we may see an up move. I feel nifty would move up ward. Let’s see what happens.
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