Sunday, March 4, 2007

Market News and Update - 04/03/2007

As mentioned the worst was not over. Market seems to be more in grip of global markets than reacting to budget.
Technically, NIFTY has a strong support at 3655. This levels is also 100% fibonnacci retracement from high of 4225. If this level gets broken, we are in for a bear market atleast in near term.

If market stays above this level, buy all recommended stocks and forget for 3-4 months.

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