4720 held but the red trendline was violated. The inside day pattern formed shows indecision.Immediate direction will be decided by the high and low of 4th which is 4869-4728.
The falling wedge shown yesterday is still valid.Supports at 4640 and resistance The target of 4040 mentioned in my post of 23rd September seems possible. ( http://vipreetinvestments.blogspot.com/2011/09/reigning-nifty-23rd-september-2011.html ).
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