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Wednesday, November 30, 2011

Dollar HITS CHANNEL support

Some might remember the channel that I had pasted on this site. Well with the global liquidity swap by the central banks in full force, the dollar has hit the lower support of that channel. Tomorrow the nifty is sure to open GAP UP. Bu the I think it would be good to take rofits instantly , as long as the dollar is resting on that support line . Because that is a good support and the dollar might bounce from there . Which will again push the stocks down from their highs.

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