We had on 06-05-2009 given the forecast that due to negative wave formations the markets
are due for corrections from the weekend.On Friday the markets witnessed selling pressure
and nifty fell by 56 points and on Monday it fell by 68 points. This has no link to the elections
in India as the markets in Asia,Europe and America also fell and is linked to the negative
waves only.Technically this trend of weakness and bounce backs likely to contnue till the
markets corrects about 450 points in nifty to bring in required momentum.
Vidyabhaarati
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