Nifty had a rough ride yesterday which can be attributed to various reasons
1. Indian FM comments that Fiscal defcit is way out of control
2. Paralyses of Govt at Delhi with economic reforms coming to standstill
3. BJP now tested blood forcing govt to rollback the FDI in retail is now again not allowing parliament to perform asking resignation of Home Minister Chindaram
4. Comments from Deputy RBI governor that CRR cut is not on cards.
Fundamentally Indian Economy is not at all in good positions and same is reflected in stock markets.
Lets now look at technical structure of market.
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Rgds,
Bramesh
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http://www.brameshtechanalysis.com/
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