Aug 1, 2011

Still Down

Has Anything changed ....

Definitely for the US every thing has changed ... Slowly the Economy is going into rashes with just increased debt limit and no source of revenues. The US administration has failed to solve the crisis even with the debt limit hike. The jitteres will be seen very soon.

On the domestic Front Nifty did a gap up but washed all gains ... Inherent Weakness as of Now

For tomorrow Resistance lies at 5533 above which we may get 5560 - 5570. On the contrary already we are below 5533 so the target of 5410 still awaits.

SAR is still the same at 5590-5620 range.

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