Daily Chart
Gap up opening scaling the rising wedge easily.Rise continuing inspite of the overbought state. All this shows bullishness.5100 the target mentioned in my 23rd December post -- http://vipreetinvestments.blogspot.com/2011/12/reigning-nifty-23rd-december-2011.html -- is now within reach.Cautiously long is the mantra now as the intermediate trend has not reversed yet
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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