Thursday, September 4, 2008

NIFTY updates and thoughts...Sep 04, 2008

There is no change from the previous post. Market continues to be bullish. We may witness some profit booking in the morning session today, but all dips can be used to buy now. I am expecting market to test the recent high near 4620-4640 levels. Crude has come down well which is a big positive for the market. Inflation numbers are expected today, which if lower than last week will be another positive. The biggest threat as of now is the nuclear deal....no one can predict what will happen here. I wish this 123 agreement terms n conditions were made public so people can read and understand it for themselves if the deal is good or if we are being fooled...

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