Thursday, August 2, 2012

Nifty outlook August 3 Friday

Tomorrow we can witness a pull down nifty move, which is a retro effect of hanging man created three day ago. Combining with RBI policy ECB policy and global cues, this all may drag Nifty to 5130. I see first support at around 5166, where all long position holders can book partial profit.
US Dow is still trading under pressure and may book of the highest loss of the year today.

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