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Alpha India Indices - NIFTY Jiseki Turns Positive
Orpheus Capitals, June 2011, Pages: 8
Jiseki turns positive
The daily Jiseki cycles made positive crossovers for most of the Indian sector indices. A positive Jiseki further confirms our overall preferred view on the market which suggests an ongoing corrective leg up till true trendline resistances at 5,700-5,750 in the case of NIFTY. Even the best performer sector, BSE Consumer Durables could retest previous intermediate highs before the real underperformance starts (slide 5).
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