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Charts & Analysis

Indian Market Snapshot: 15 Jul 2011

The Nifty began in positive territory, going as far as 5630 before it u-turned down to end down 18 points at 5581. Again, this is a serious lack of trend, and mean-reversion strategies must prevail. BSE had a technical glitch but mostly in the pre-order session. Everyone’s awaiting the results of the stress tests in Europe. Going by the currently strong attitude of Europe to pretend-and-extend, I doubt this is going to throw up any surprises.

Nifty Snapshot

(Click for a larger picture)

(Thanks to dshort.com)