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Monday 11 July 2011

Nifty Junior Stocks above 200 MA but below 50 MA

These are stocks are in medium term bearish phase. You may look for going long when prices break out above 50 MA level. A break down below 200 MA will augur long term bearishness as Institutional investors may start dumping the stock. For explanation refer article relating to heat maps based on the position of stocks' current prices vis a vis their respective 200 simple DMA and 50 DMA.


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