For the short term 5950 is a key support zone for Nifty Futures. A move below this could spell further weakness for the market.
The longer term bull run is still intact as long as we don't break below 5350.
The region between 5350 and 5950 is fairly large and we might end up somewhere in between fairly quick if the bears take charge. The next few days are going to be very interesting!
Wednesday, November 17, 2010
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