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Will Nifty see 6500 before next Diwali?

Posted on: October 16th 2009 in Market Outlook.

Last Diwali Sensex gained 499 points on Muhurat day (October 28, 2008). Nifty closed at 2865 managing a gain of 134 points. Nearly 1 year has passed and now the Nifty traders at 5100 levels, a gain of 78% in just 1 year. The 5-6 months of consolidation were very painful to the Indian inv…

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