Monday, June 23, 2008

Nifty Update for June 24 - Inder Bhatia

HOURLY CHART: The Indian market closed in the red zone. Markets saw another second round of selling from bears. On the hourly chart, Nifty is in the oversold zone above 4335, so some bounces could be seen till 4440-4560. On the other side, 4167 -4200 would act the support zone. Continue to enjoy my weekly calls, which are still valid.

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