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NIFTY: 22 May 2012: Resistance zone – 4930 to 4950. Cross over will also not able to give 5000. We are in multiple resistance zones. Low of 07 - 08 May @ 4983-4988.
NIFTY: 21 May 2012: Intraday update – Still facing resistance @ 4930. Only a decisive cross can give you intraday opportunity to trade long. Else it is a dull market.
NIFTY: 21 May 2012: Already quoted for support @ 4790 and advised you not to short. Expect pause for 1-2 days more before fall. Nifty resistance @ 4930 < 4950. Support @ 4850-4837
USD/INR: A short term study. Wake up call for Government of India. Cross of 55 will prepare for get-set-go for 57
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