Friday, September 19, 2008

Can this Rally be Trusted? - Anil Desai

As suggested in post of September 14, Falling House of Cards Nifty almost tested the previous low of 3790 (yesterday's low was 3799). Nifty has bounced back from here. Today too, this run-up would continue and and add another couple of centuries in Nifty future, in a day or two. But can this be considered the end of bearishness? I doubt very much.

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