NIFTY CALL FOR NOVEMBER 23, 2010 - As I have been saying, the Nifty is now in the 5400-6000 range. It is at a real risk of heading to 5400. As of today, expect the markets to fall very sharply. You see the Emerging Markets ETF honeymoon is over. Those who were putting in billions of dollars in Emerging Market ETFs are withdrawing money and with little local interest in stocks, large waves of selling to pay for redemptions will take the Nifty sharply lower
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