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Monday, May 17, 2010
200 EMA approching at 4891
Less the time Nifty will take to touch 200 EMA i.e 4891, powerfull would be the bounce back.
Nifty may be in a flag formation or in a traingle formation both are bullish in nature.
Data suggest mild bearish, tecnical also suggest bearish, But if Nifty start making the triangle, bulls will be there
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