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Reading Glossary is recommended for better understanding of this column Observations & Possibilities: Nifty Directionless in short term. Sideways movement possible in coming days. Many large cap stocks are on verge of being long term bearish. 4850 & 4620 levels are possible on downside for Nifty . Intermediate trend of Nifty will turn UP if it closes above 5210. [...]
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