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Viewing report
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Alpha India – Early Economic Shorts
Orpheus Capitals, Feb 2011, Pages: 4
Early Economic Shorts
NIFTY made a daily Key Reversal bar (KR) at anticipated resistances at 5,600 levels. The market bias is now negative and we are looking at least at a retest of previous lows at 5,200 levels. The daily RSI momentum also turned negative after being over reactive and confirms our view. We increased our hedge accordingly to 105% with NIFTY Futures, M&M, TCS and Lupin on the short side.
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