Equities are seen rangebound Thursday amid mixed cues from global shores. After a bout of profit booking in late trade Wednesday, analysts feel more downside is likely in the coming days.
"4442-4451 is a crucial support for the Nifty. A decisive breach of it would be a cause of worry for the bulls as the next support level is at 4387-4405 points. The oscillators are exhibiting negative divergence; also today is the 8th day from the low of 4159 points
Thursday, August 7, 2008
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