Monday, December 21, 2009

Dow jones headed upwards on pre-holidays!

With a welcoming small rally in Dow jones today, its maintaining above it lower bollinger band and heading upwards. At present the level is 10439, resistance at 10516, once Dow jones crosses 10600, we will see further rally to 11000 level and which will infuse small bullishness in Nifty as well.
We expect Nifty to recover tomorrow back to 5000 level, where it will expect good resistance.
All eyes on reliance industries, and IT stocks, which can hold our indices in +ve.

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