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Wednesday, January 11, 2012

Where is Nifty heading?

Nifty may touch 5000 or cross 5000 in coming month. As Result are come out , there are lot of expectation from IT companies.

Since rupees touch new low , all export oriented company make lot of money during this time.Rupees almost depreciated 30%. Since it will hike their profit as well if even we consider the Forex reserve as well.

Right now nifty have very positive bias every upper signal is shown by nifty unless some bad news from world economy may not arrived.

Petrol price is also not on plate since election in five state is near. Also inflation is deepen down.
So good surprise for market to move up for a little while.
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