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Thursday, July 10, 2008

Nifty resistance

Nifty faces resistance arond 4170-4200 and has support around 3750-3800.
Time for results season and look for inflation.If it crosses 13% more pain will be seen in the markets irrespective of current results as RBI will be forced to take more monetary policies.Interest rates will be hard to digest.We may be going 10 years back.Remember we had 16 -17% interest rates regime 15 years back.

Nse And Sensex