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Nifty For Diwali and Market Trend Today 8 November 12


Nifty For Diwali
Important note for Indian stock traders and investors 8th November 2012. Note that 7th november U.S. Stock Markets plunge after election. Investors are dumping stocks as they turn their focus to a world of problems now that the US Presidential election is over – Tax increase and spending cuts that could stall the nation’s (United States) recovery and a deepening recession in Europe. Note that President Obama’s victory is not something that wall Street will cheer a lot about. On 8th November opening bell Indian Stock Markets may correct deeply mainly because of negative Global cues, but the Indian Stock Market is performing on its own merit & own technical. For the Domestic Market to ride further, of course, We need more from the Indian parliament and the Government but definitely the strength of the Indian Stock Market remains for the time being & Nifty may touch 5800-6000 by Diwali 2012.

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Intraday Tips Updated at: 10:51 AM
 
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