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Nifty testing strong support at 200 DMA – 5615

Posted on: January 27th 2011 in Market News.

Nifty has been finding strong support at 200dma this entire month and has managed to bounce back from here time and again. If Nifty manages to close below this important support level of 5615 for couple of days, we could expect further downside in markets. Possibly upto 5500. On the upsid…

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