"Intraday, pivot in the Nifty is at 3110 points. A decisive break of it can test 3082 while a low below 3060 points can lead to further profit booking. Resistance in rallies is pegged at 3165-3186 and 3198 points. A word of caution as today is the 7th day from the low of 2812 points. Keep appropriate trailing stops on longs
Tuesday, January 6, 2009
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