On 27/6/2011 we have mentioned that it looks like this up move will continue up to upper boilinger band which is right now at 5660, in this post http://kolhapuritrader.blogspot.com/2011/06/positive-macd-divergence-in-macd-on.html. Today nifty opened at 5705.75, thus target has been achieved. This is power of technical charts. There are lot of negative news like rising inflation, rising interest rate, impact on corporate profits etc. till market is gone up.
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