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Tuesday, November 1, 2011

[informed-investor] Technical Analysis:Nifty,Infy and Biocon after Global Sell off

Greece is back in Lime Light again with the surprise annoucment by its PM PAPANDREOU

GREEKS TO VOTE ON EURO MEMBERSHIP IN REFERENDUM: PAPANDREOU.

Why is this so market un-nerving news reason Being PM has asked the Greeks to vote for the  the austerity measures his government has  taken and Do GREEKS LIKE it or not.

A Poll conducted suggests 60% people are against the Austerity measures and if VOTING outcome is NO Greece will not take the Bailout fund by EU and has to default.

Lets look How Nifty looks technically

On daily charts Nifty is still in uptrend from the rally which started from 5038.

Nifty Daily


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Rgds,
Bramesh
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http://www.brameshtechanalysis.com/

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