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Is it time keep away from Long buy position in Nifty?

Monday, May 7, 2012 | | |

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After the statement of Indian Finanace Minister about GAAR provision deferring market moves with very heavy gain.

Intially Indian stock market Nifty Index moves in negative range of almost 80 point in Red from previous close. After makeing low of 4988 market moves with very heavy buying.

Although Indian market close in positive but Asian closed in Red as well as American market is also playing in Red zone.

Overall global scenerio shows negativeness in economy. Long term equity investor can buy the gems for their long term portfolio. Intraday player of future and option segment keep yourself away from long buy.

Thanking you
Jalin Kuwar

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