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Nifty Outlook for 15-03-2011


Nifty is poised to open lower and it seems to me a wedge pattern in completion. Nifty need to touch around 5305 to complete the wedge pattern and need to bounce from there. We will keep tracking the minute movements in Nifty and we will keep you posted. Positional Traders with Short in Nifty can cover short in opening gap down.

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