Date:10.08.2011
Markets more or less remained rangebound. Nifty after opening on firm ground on back of global cues could not feel up the gap it made on 05.08.2011.(5337-5191). So today's movement can at the most be concluded as pull back. Possibilty is there that it might try to touch low which it made yesterday of 4951. Once it reaches there without making a new low and consolidating for few days, view than might be taken to buy with small stop below 4950. Till than remain cautious.
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