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Charts & Analysis

Indian Market Snapshot: 21 Jul 2011

Nifty ends up at 5541, about 25 pointds down, in a day which saw just about 10,000 cr. in the cash markets. Inflation came in mid-day (Primary Articles only) at above 11%. BankNifty was down 1%, and the Realty index 1.4%. We’re still in the middle of the 50-200 DMAs and the historical P/E remains above 20.

Nifty Snapshot

(Thanks to dshort.com for the idea)