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'It's still a sell on rally market'

Check out why Ravi Nathani, Technical analyst, Nsetoday.com thinks so

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Jinsy Mathew Mumbai
Last Updated : Sep 19 2013 | 11:07 AM IST
Thanks to the Fed's decision of not tapering its asset-buying program, markets across the globe rallied and India is no exception to this rally.  But will this rally continue? And what are the key levels on the Nifty to watch out for?
 

Smartinvestor : Sensex is at a 52-week high on Fed move. Can the markets rally further from this point?

Ravi Nathani : On charts the Nifty has strong resistance around 6,095. A close above this level would witness fresh buying. Best trading strategy for traders would be sell on rise with a strict stop loss of 6,095 as per closing basis.

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Smartinvestor : So, is it still a sell on rally market?Why?


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First Published: Sep 19 2013 | 10:45 AM IST

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